US Jobless Claims Rise Less Than Expected Last Week

The number of Americans filing for unemployment benefits increased by 2,000 to 263,000 in the week ended August 27th compared with the previous week's unrevised level of 261,000 and below market expectations of 265,000. The four-week average, seen as a better measure of labor market trends as it removes week-to-week volatility, dropped to a three-week low of 263,000.
DOL | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/1/2016 1:53:46 PM
This marks 78 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The 4-week moving average dropped to a three-week low of 263,000, a decrease of 1,000 from the previous week's unrevised average of 264,000.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending August 20, unchanged from the previous week's unrevised rate.

The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending August 20 was 2,159,000, an increase of 14,000 from the previous week's unrevised level of 2,145,000. The 4-week moving average was 2,159,750, an increase of 4,500 from the previous week's unrevised average of 2,155,250. 

US Jobless Claims Rise Less Than Expected Last Week