The number of individuals filing for unemployment benefits in the US fell by 6,000 from the previous week to 213,000 on the period ending November 16th, the least since April, and well below market expectations of an increase to 220,000. The results extended the view that the US labor market remains at historically strong levels despite the aggressive tightening cycle by the Federal Reserve in the last quarters, adding leeway for the central bank to slow the pace of monetary loosening should inflation remain stubbornly high. The four-week moving average, which reduces week-to-week volatility, fell by 3,750 to 217,750. In turn, the non-seasonally adjusted claim count fell by 17,75o to 213,035, with sharp declines in California (-4,657) and Georgia (-2,154). On the other hand, outstanding claims rose to 1,908,000 in the prior week, the most in three years. source: U.S. Department of Labor
Initial Jobless Claims in the United States decreased to 213 thousand in the week ending November 16 of 2024 from 219 thousand in the previous week. Initial Jobless Claims in the United States averaged 363.55 Thousand from 1967 until 2024, 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 November of 2024.
Initial Jobless Claims in the United States decreased to 213 thousand in the week ending November 16 of 2024 from 219 thousand in the previous week. Initial Jobless Claims in the United States is expected to be 240.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations.