InitialJobless Claimsin theUSfell slightly in the week ending May 16, as layoffs remained low despite economic uncertainty.
Forecasts had anticipated 210,000 applications, while the previous week’s data was revised upward by 1,000 to 212,000, according to Labor Department data released Thursday.
Weekly Jobless Claims
Item
Last Year
Last Week
Current Week
Change
Initial Claims (‘000)
225
212
209
(3)
4-Week Average (‘000)
229.5
204
202.5
(1.5)
No. of Beneficiaries (mln)
1.889
1.776
1.782
0.006
Weekly jobless claims are a rough indicator of unemployment rates in the US and a near-instant indicator of market conditions.
Although economists expect claims to rise during the summer due to seasonal fluctuations, the labor market remains stable.
InitialJobless Claimsin theUSfell slightly in the week ending May 16, as layoffs remained low despite economic uncertainty.
Forecasts had anticipated 210,000 applications, while the previous week’s data was revised upward by 1,000 to 212,000, according to Labor Department data released Thursday.
Weekly Jobless Claims
Item
Last Year
Last Week
Current Week
Change
Initial Claims (‘000)
225
212
209
(3)
4-Week Average (‘000)
229.5
204
202.5
(1.5)
No. of Beneficiaries (mln)
1.889
1.776
1.782
0.006
Weekly jobless claims are a rough indicator of unemployment rates in the US and a near-instant indicator of market conditions.
Although economists expect claims to rise during the summer due to seasonal fluctuations, the labor market remains stable.
