US Jobless Claims At 5-Week Low


The number of Americans filing for unemployment benefits decreased by 25 thousand to 234 thousand in the week ended April 1st 2017 from the previous period, well below expectations of 250 thousand. It is the lowest figure in five weeks and the largest decline since April of 2015. The 4-week moving average that removes week-to-week volatility fell by 4.5 thousand to 250 thousand.

The previous week's level was revised up by 1,000 from 258,000 to 259,000. The 4-week moving average was also revised up by 250 from 254,250 to 254,500. 

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending March 25, unchanged from the previous week's unrevised rate.

Continuing claims for the week ending March 25 were 2,028,000, a decrease of 24,000 from the previous week's unrevised level of 2,052,000. The 4-week moving average was 2,023,000, a decrease of 7,750 from the previous week's unrevised average of 2,030,750. This is the lowest level for this average since June 17, 2000 when it was 2,016,750. 

DOL | Joana Taborda | joana.taborda@tradingeconomics.com
4/6/2017 12:38:37 PM