The number of Americans filing new claims for unemployment benefits fell to 293 thousand in the week ending October 9th, the lowest level since the pandemic hit the US economy in March 2020 and well below market expectations of 319 thousand. The steady labor market recovery continued amid a rebound in demand for workers and a slowdown in firings, layoffs and separations. Still, there are signs many individuals remain on the sidelines of the labor force due to lingering concerns over the coronavirus, with the level of new claims remaining above the average weekly pace from before the virus in 2019 and September's labor force participation rate holding below its level from February 2020. source: U.S. Department of Labor
Initial Jobless Claims in the United States averaged 371.72 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 October of 2021.
Initial Jobless Claims in the United States is expected to be 300.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.