US Jobless Claims Rise More than Expected


The number of Americans filling for unemployment benefits rose by 9 thousand to 227 thousand in the week ending June 23 from the previous week's unrevised level of 218 thousand. It compares with market expectations of 220 thousand and marks the first rise in claims after four straight weeks of drops.

The 4-week moving average was 222,000, an increase of 1,000 from the previous week's unrevised average of 221,000.

According to unadjusted data, the biggest increases in jobless claims were recorded in California (+6,048), New Jersey (+5,350), Maryland (+2,557), Kentucky (+1,971) and New York (+1,877) while the largest declines were seen in Pennsylvania (-1,674), Wisconsin (-865) and Texas (-665). Claims fell in Virgin Islands (-1) and Puerto Rico (-1,285).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 16, unchanged from the previous week's unrevised rate. 

Continuing claims during the week ending June 16 were 1,705,000, a decrease of 21,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 1,723,000 to 1,726,000. Figures came below market expectations of 1,725,000. The 4-week moving average was 1,719,500, a decrease of 3,750 from the previous week's revised average. This is the lowest level for this average since December 8, 1973 when it was 1,715,500. The previous week's average was revised up by 750 from 1,722,500 to 1,723,250. 

US Jobless Claims Rise More than Expected


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/28/2018 1:12:22 PM