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Thursday, September 19, 2019
HomeNewsEconomyJobless Claims Rise More than Expected to 230K for April 20

Jobless Claims Rise More than Expected to 230K for April 20

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U.S. jobless claims graph on a tablet screen. (Photo: AdobeStock)
U.S. jobless claims graph on a tablet screen. (Photo: AdobeStock)

The Labor Department said initial jobless claims jumped 37,000 to 230,000 for the week ending April 20, more than the consensus forecast. The 4-week moving average rose 4,5000 to 206,000.

PriorRevisedConsensusRangeActual
Initial Claims192K193K209K199K – 210K230K
4-Week Average201.25K201.5K206K

The jump comes after jobless claims fell to 50-year lows two weeks in a row.

The advance seasonally adjusted insured unemployment rate was unchanged at a very low 1.2% for the week ending April 13.

No state was triggered “on” the Extended Benefits program during the week ending April 6.

The highest insured unemployment rates in the week ending April 6 were in Alaska (2.6), New Jersey (2.2), California (2.0), Connecticut (2.0), Illinois (1.9), Rhode Island (1.9), Massachusetts (1.8), Montana (1.8), Pennsylvania (1.8), and Puerto Rico (1.8).

The largest increases in initial claims for the week ending April 13 were in California (+3,202), Connecticut (+1,125), Arizona (+819), Texas (+775), and Washington (+640), while the largest decreases were in Tennessee (-2,154), Illinois (-1,148), Michigan (-1,103), Arkansas (-799), and Ohio (-776).

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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