The number of Americans filing for unemployment benefits rose for a second straight week to 744 thousand in the April 3rd week, from the previous period's revised figure of 728 thousand and above market expectations of 680 thousand. Still, claims remained below the 800 thousand level for a seventh consecutive period, adding to signs that the recovery of the labor market is gathering pace helped by the rapid vaccine rollout program and the government's massive $1.9 trillion pandemic relief package. The weekly report followed on the heels of news last week that nonfarm employment rose by 916 thousand in March, the most in seven months, while the number of job openings hit in February their highest level in two years. On a non-seasonally adjusted basis, initial claims were up to 741 thousand, from 723 thousand in the previous week, led by larger increases in the states of California, New York and Virginia. On the other hand, Alabama, Ohio and Texas reported the largest declines. source: U.S. Department of Labor
Initial Jobless Claims in the United States averaged 371.41 Thousand from 1967 until 2021, reaching an all time high of 6149 Thousand in April 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 April of 2021.
Initial Jobless Claims in the United States is expected to be 500.00 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 300.00 in 12 months time. In the long-term, the United States Initial Jobless Claims is projected to trend around 270.00 Thousand in 2022, according to our econometric models.