The number of people claiming unemployment benefits in the US dropped by 5,000 from the previous week to 227,000 on the period ending August 31st, below market expectations of 230,000, and reaching a new 7-week low. Despite this decline, the claim count remained significantly above the averages seen earlier this year, as the US labor market has softened since its post-pandemic peak, although it remains historically tight. In the meantime, outstanding claims fell by 22,000 to 1,838,000 in the previous week. The four-week moving average for initial claims, which reduces week-to-week volatility, fell by 1,750 to 230,000. Meanwhile, the non-seasonally adjusted monthly basis declined by 3,352 to 189,389. source: U.S. Department of Labor
Initial Jobless Claims in the United States decreased to 227 thousand in the week ending August 31 of 2024 from 232 thousand in the previous week. Initial Jobless Claims in the United States averaged 364.05 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 September of 2024.
Initial Jobless Claims in the United States decreased to 227 thousand in the week ending August 31 of 2024 from 232 thousand in the previous week. 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.
United States Initial Jobless Claims
Initial jobless claims refer to the number of people who have filed for unemployment benefits with their state's unemployment agency for the first time during a specific reporting period, typically on a weekly basis. .
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 227.00 | 232.00 | 6137.00 | 162.00 | 1967 - 2024 | Thousand | Weekly | Volume, SA |
News Stream
US Initial Jobless Claims Fall More than Expected
The number of people claiming unemployment benefits in the US dropped by 5,000 from the previous week to 227,000 on the period ending August 31st, below market expectations of 230,000, and reaching a new 7-week low. Despite this decline, the claim count remained significantly above the averages seen earlier this year, as the US labor market has softened since its post-pandemic peak, although it remains historically tight. In the meantime, outstanding claims fell by 22,000 to 1,838,000 in the previous week. The four-week moving average for initial claims, which reduces week-to-week volatility, fell by 1,750 to 230,000. Meanwhile, the non-seasonally adjusted monthly basis declined by 3,352 to 189,389.
2024-09-05
US Initial Jobless Claims in Line with Expectations
The number of people claiming unemployment benefits in the US fell by 2,000 from the previous week to 231,000 on the period ending August 24th, in line with market expectations of 232,000. Despite this decrease, the figure remained well above the averages seen earlier this year, reinforcing the ongoing trend of a softening labor market, as highlighted by the July jobs report and the significant downward revision to nonfarm payrolls for the year ending in March. In the meantime, outstanding claims rose by 13,000 to 1,868,000 in the previous week. The four-week moving average for initial claims, which reduces week-to-week volatility, fell by 4,750 to 231,500. In the meantime, the non-seasonally adjusted monthly basis declined by 628 to 191,835.
2024-08-29
US Initial Jobless Claims Rise More than Expected
The number of people claiming unemployment benefits in the US rose by 4,000 from the previous week to 232,000 on the period ending August 17th, slightly ahead of market expectations of 230,000 to mark a three-week high. The increase held initial claim counts well above their averages from earlier this year, consolidating the trend of a softening labor market outlined by the July jobs report and the large downward revision to nonfarm payrolls for the year ending in March, backing bets that the Federal Reserve will deliver rate cuts in every decision remaining this year. In the meantime, outstanding claims rose by 4,000 to 1,863,000 in the previous week. The four-week moving average for initial claims, which reduces week-to-week volatility, fell by 750 to 236,000. In the meantime, the non-seasonally adjusted monthly basis fell by 9,270 to 191,576.
2024-08-22
