United States initial jobless claims 243K vs. 250K estimate

Postado Outubro 12, 2017

The Labor Department said Thursday first-time jobless claims fell 15,000 to 243,000 for the week ending October 7, a stronger-than-expected result.

The revisions and the latest report indicate the demand for labor was stronger than initially reported and the devastating hurricanes had a far less severe economic impact than seen in the past.

The four-week moving average rose to just 257,500, an decrease of 9, 500 from the prior week's' average, which was revise down by 1,250.

Despite more people applying for unemployment benefits because of the hurricanes, jobless claims have remained at historically low levels, showing the overall health of the labor market.

The number of claims workers made for longer than a week dropped to 1,889,000 in the week ended September 30, the lowest level for continuing claims since December 1973.

The highest insured unemployment rates in the week ending September 23 were in Alaska (2.2), New Jersey (2.1), California (1.9), CT (1.8), MA (1.6), Pennsylvania (1.6), the District of Columbia (1.5), IL (1.5), and Nevada (1.5).

Claims were estimated for 2 states and one USA territory.