775 thousand American workers are expected to have filed unemployment benefits during the week ending October 24th, compared to 787 thousand in the previous week. It would be the 2nd consecutive week with claims remaining below 800 thousand, the first time it happens since the coronavirus pandemic started. Meanwhile, continuing claims are projected to fall to 7.7 million from 8.37 million. Continuing claims have been falling consistently since reaching an all-time high of 24.91 million in May of 2020 but remain much above 1.7 million average reported before the pandemic. source: U.S. Department of Labor
Initial Jobless Claims in the United States averaged 369.68 Thousand from 1967 until 2020, reaching an all time high of 6867 Thousand in March of 2020 and a record low of 162 Thousand in November of 1968. This page provides the latest reported value for - United States Initial Jobless Claims - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Initial Jobless Claims - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Initial Jobless Claims in the United States is expected to be 650.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Initial Jobless Claims in the United States to stand at 350.00 in 12 months time. In the long-term, the United States Initial Jobless Claims is projected to trend around 300.00 Thousand in 2021 and 270.00 Thousand in 2022, according to our econometric models.