360K people claimed for unemployment benefits in the latest week, less than an upwardly revised 386K in the previous period, and matching market expectations. It is a new pandemic low figure, although initial claims remain almost the double of the 200K levels before the coronavirus pandemic. The 4-week moving average which removes week-to-week volatility was 382.5K, a decrease of 14.5K from the previous week's revised average. Employers across the country have been complaining about the struggle to fill open positions, citing ongoing labor shortages due to enhanced benefits, concerns about contracting COVID-19 and finding childcare. Many analysts expect labor shortages to ease by the fall, with schools set to reopen to alleviate child care concerns and unemployment benefits set to expire in all states in September. source: U.S. Department of Labor
Initial Jobless Claims in the United States averaged 371.80 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 July of 2021.
Initial Jobless Claims in the United States is expected to be 350.00 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.