The number of Americans filing new claims for unemployment benefits edged higher by 4K to 230K in the week ending December 3rd, matching market expectations. The previous week's level was revised up by 1K from 225K to 226K. The 4-week moving average which removes week-to-week volatility was 230K, the highest level since the last week of August. Non-seasonally adjusted data showed claims rose the most in California (16.057K), amid a big tech layoff, followed by Texas (7.9K) and Georgia (7.57K). Initial claims averaged 224K so far in the fourth quarter, a level consistent with tight labour market. Meanwhile, continuing claims rose for an eighth straight week to 1.671 million in the last week of November, the highest since the week ending February 5th. source: U.S. Department of Labor
Initial Jobless Claims in the United States averaged 368.71 Thousand from 1967 until 2022, reaching an all time high of 6137.00 Thousand in April of 2020 and a record low of 162.00 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 December of 2022.
Initial Jobless Claims in the United States is expected to be 250.00 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 220.00 Thousand in 2023, according to our econometric models.