US Jobless Claims Rise More than Expected


The number of Americans filling for unemployment benefits increased by 9 thousand to 220 thousand in the week ended August 10th 2019 from the previous week's upwardly revised 211 thousand and beating market expectations of 214 thousand. It is the highest level since the week ended June 29th.

The 4-week moving average was 213,750, an increase of 1,000 from the previous week's revised average. The previous week's average was revised up by 500 from 212,250 to 212,750. 

According to unadjusted data, the biggest rises were reported in California (+5,887), New York (+682) and Indiana (+513), while the largest decreases were seen in South Carolina (-470) and Florida (-459).

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending August 3, unchanged from the previous week's unrevised rate. 

The advance number for seasonally adjusted insured unemployment during the week ending August 3 was 1,726,000, an increase of 39,000 from the previous week's revised level. Figures came above market consensus of 1,690,000. The previous week's level was revised up 3,000 from 1,684,000 to 1,687,000. The 4-week moving average was 1,697,250, an increase of 9,250 from the previous week's revised average. The previous week's average was revised up by 750 from 1,687,250 to 1,688,000. 

US Jobless Claims Rise More than Expected


DOL | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/15/2019 1:41:22 PM