The Labor Department (DOL) said initial jobless claims were unchanged at a seasonally adjusted 230,000 for the week ending April 27, missing the forecast. The 4-week moving average rose by 6,500 to 212,500, up from the previous week’s unrevised average of 206,000.
|Prior||Consensus Forecast||Forecast Range||Actual|
|Initial Jobless Claims||230K||215K||210K — 220K||230K|
The advance seasonally adjusted insured unemployment rate was unchanged at a very low 1.2% for the week ending April 20.
No state was triggered “on” the Extended Benefits program during the week ending April 13.
The highest insured unemployment rates in the week ending April 13 were in Alaska (2.5), California (2.1), Connecticut (2.1), New Jersey (2.1), Illinois (1.8), Massachusetts (1.7), Montana (1.7), Pennsylvania (1.7), Puerto Rico (1.7), and Rhode Island (1.7).
The largest increases in initial claims for the week ending April 20 were in Massachusetts (+6,811), California (+4,471), Connecticut (+4,008), New Jersey (+3,096), and Rhode Island (+2,833), while the largest decreases were in Texas (-2,429), Washington (-1,191), Michigan (-737), Georgia (-593), and Arizona (-518).