The number of people claiming unemployment benefits in the US fell by 5,000 to 207,000 in the week ending April 20th, the lowest in two months, and below market expectations of 214,000. This unexpected downturn provides more support for the notion of a tight labor market, adding leeway for the Federal Reserve to delay interest rate cuts to tackle stubborn inflation. The four-week-moving average, which reduces week-to-week volatility, declined by 1,250 to 213,250. In the meantime, the non-seasonally adjusted claim count eased by 7,363 to 201,619, as declines in New York (-4,174) and Pennsylvania (-2,796) offset increases in Massachusetts (3,565) and Rhode Island (1,719). source: U.S. Department of Labor
Initial Jobless Claims in the United States decreased to 207 thousand in the week ending April 20 of 2024 from 212 thousand in the previous week. Initial Jobless Claims in the United States averaged 364.90 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 May of 2024.
Initial Jobless Claims in the United States decreased to 207 thousand in the week ending April 20 of 2024 from 212 thousand in the previous week. Initial Jobless Claims in the United States is expected to be 260.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations.