Here come initial jobless claims

22 Апреля, 2017, 01:36 | Author: Brian Mcdaniel
  • A job seeker talks with a corporate recruiter as he peruses the man's resume at a Hire Our Heroes job fair targeting unemployed military veterans and sponsored by the Cable Show a cable television industry trade show in Washington

Claims increased last week for the first time since the week ended March 18.

Meanwhile, continuing claims for unemployment insurance, the overall number of people receiving jobless benefits, fell to 1.979 million, a drop of 49,000 from the prior week and the lowest level for this measure since April 2000. Economists surveyed by The Wall Street Journal had expected 240,000 new claims last week.

Advertisment New applications for US unemployment benefits gained slightly more than expected last week, but the number of Americans on unemployment rolls still dropped to a 17-year low, pointing to a tightening labour market.

Initial claims have been below the benchmark level of 300,000 for 111 weeks in succession with a very prolonged period of low claims.

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The monthly average of jobless claims also decreased slightly by 4,250 from the previous week to 243,000.

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended April 15, the Labour Department said today.

The number of Americans applying for unemployment benefits remains at the lowest level in decades amid a prolonged surge in job creation since 2011. Investors has anticipated two more rate hikes this year. The comparison suggests that we should a rebound in the April employment data, following the weak payroll print in March. This provides additional evidence that the March employment data was negatively influenced by poor weather during the survey week, including a major snowstorm in the Northeast.

With the jobless rate at 4.5 percent, economists say the USA economy is approaching full employment, with companies likely to forgo layoffs, fearing they may not be able to replace the workers they dismiss.

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