US Jobless Claims Dropped to 232000 Last Week

Judith Bessette
Agosto 17, 2017

Initial jobless claims, a proxy for layoffs across the US, declined by 12,000 to a seasonally adjusted 232,000 in the week ended August 12, the Labor Department said Thursday.

It was the lowest count since late February, points out Thomas Simons of Jefferies.

The highest insured unemployment rates in the week ending July 29 were in Puerto Rico (3.8), New Jersey (2.7), CT (2.4), Alaska (2.2), Pennsylvania (2.2), California (2.1), Rhode Island (2.0), MA (1.9), IL (1.7), and NY (1.7).

Economists were expecting claims to come in at 241,000, so Thursday's number was quite a bit lower than expected. Initial claims for the week ended August 5 were left unrevised at 244,000.

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With the sharp decline, thhe smoothed-out four-week average fell by 500 from the prior week to 240,500.

Initial claims have hovered in a historically low range for several years.

Weekly claims have been below 300,000 for 128 weeks, or almost two and a half years, the longest such streak recorded since 1970. Number of Americans applying for first-time jobless benefits. The unemployment rate in July was 4.3%, matching its lowest level since 2001.

First-time claims for USA unemployment benefits fell by more than anticipated in the week ended August 12th, according to a report released by the Labor Department on Thursday. Data on continuing claims are released with a one-week lag.

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