US Jobless Claims Drop Below Forecasts

The number of Americans filling for unemployment benefits decreased by 9 thousand to 221 thousand in the week ending March 16th from the previous week’s revised level of 230 thousand and compared to market expectations of 225 thousand.

According to unadjusted data, the largest declines in initial jobless claims were seen in Illinois (-3,500), Oregon (-3,036), Pennsylvania (-2,261), Texas (-1,063) and Washington (-1,000) while the biggest gains were registered in Oklahoma (+877), California (+763), Iowa (+313) and South Carolina (+208).

The seasonally adjusted 4-week moving average was 225,000, an increase of 1,000 from the previous week's revised average of 224,000.

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending March 9, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending March 9 was 1,750,000, a decrease of 27,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 1,776,000 to 1,777,000. The 4-week moving average was 1,772,500, an increase of 6,000 from the previous week's revised average. The previous week's average was revised up by 250 from 1,766,250 to 1,766,500.

US Jobless Claims Drop Below Forecasts

DOL | Joana Ferreira |
3/21/2019 12:48:14 PM