US Jobless Claims Fall Less than Expected


The number of Americans filling for unemployment benefits decreased by 2 thousand to 214 thousand in the week ending October 27 from the previous week’s upwardly revised 216 thousand and compared with market expectations of 213 thousand. Claims for North Carolina continued to be affected by Hurricane Florence, while for Florida and Georgia were impacted by Hurricane Michael.

The 4-week moving average was 213,750, an increase of 1,750 from the previous week's revised average. The previous week's average was revised up by 250 from 211,750 to 212,000.

According to unadjusted data, the biggest declines were registered in Georgia (-2,620), Florida (-1,944), California (-1,177), Alabama (-1,062) and North Carolina (-829). New applications for US unemployment aid also fell in South Carolina (-305). Meanwhile, largest increases were seen in Illinois (+5,372), Missouri (+2,687), Michigan (+1,075), Ohio (+481) and Massachusetts (+421).

The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending October 20, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending October 20 was 1,631,000, a decrease of 7,000 from the previous week's revised level. This is the lowest level for insured unemployment since July 28, 1973 when it was 1,603,000. The previous week's level was revised up 2,000 from 1,636,000 to 1,638,000. The 4-week moving average was 1,640,750, a decrease of 6,250 from the previous week's revised average. This is the lowest level for this average since August 11, 1973 when it was 1,627,250. The previous week's average was revised up by 500 from 1,646,500 to 1,647,000

US Jobless Claims Fall Less than Expected


DOL | Stefanie Moya | stefanie.moya@tradingeconomics.com
11/1/2018 12:55:35 PM