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Friday, May 26, 2017
HomeNewsEconomyJobless Claims Continue to Beat Expectations as Demand for Labor Holds

Jobless Claims Continue to Beat Expectations as Demand for Labor Holds

Weekly Jobless Claims Graphic. Number of Americans applying for first-time jobless benefits.

Lagging Continuing Claims Fall to 29-Year Low, 4-Week Average to 43-Year Low

Weekly Jobless Claims Graphic. Number of Americans applying for first-time jobless benefits.

Weekly Jobless Claims Graphic. Number of Americans applying for first-time jobless benefits.

The Labor Department said Thursday weekly jobless claims fell 4,000 for the week ending May 13 to a lower-than-expected a 232,000, beating the median forecast.

The 4-week moving average was down 2,750 to 240,750 and lagging continuing claims were down 22,000 to 1.898 million for the week ending May 6. That’s a 29-year low for this reading.

The 4-week average for lagging claims is down 20,000 to 1.946 million, a 43-year low. The unemployment rate for insured workers (which excludes job leavers and re-entrants) is at 1.4 percent.

A Labor Department analysts said there are no special factors impacting the report, which comes before what indicators point to being another solid jobs report in May.

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