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Monday, July 22, 2019
HomeNewsEconomyJobless Claims Decline Less than Expected

Jobless Claims Decline Less than Expected

Mr Assange, sporting a long white beard and wagging a finger, shouted "UK must resist" as he was carried out in handcuffs by seven men and hauled into a police van.
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 fell 2,000 to 228,000 for the week ending May 4, a less steep decline than the consensus forecast.

The 4-week moving average was 220,250, an increase of 7,750 from the previous week’s unrevised average of 212,500.

PriorConsensus ForecastForecast RangeActual
Initial Claims – Level230K215K213K — 222K228K

The advance seasonally adjusted insured unemployment rate remained unchanged at a very low 1.2% for the week ending April 27.

In lagging data, the advance number for seasonally adjusted insured unemployment came in higher at 1,684,000 during the week ending April 27. That’s an increase of 13,000 from the previous week’s unrevised level of 1,671,000.

The 4-week moving average came in lower at 1,665,750, a decline of 8,000 from the previous week’s unrevised average of 1,673,750.

‘No state was triggered “on” the Extended Benefits program during the week ending April 20.

The highest insured unemployment rates in the week ending April 20 were in Alaska (2.5), Connecticut (2.4), New Jersey (2.2), Rhode Island (2.1), Virgin Islands (2.1), California (2.0), Massachusetts (1.8), Puerto Rico (1.8), Illinois (1.6), and Pennsylvania (1.6).

The largest increases in initial claims for the week ending April 27 were in New York (+6,532), New Jersey (+3,041), Mississippi (+825), Delaware (+782), and Texas (+645), while the largest decreases were in Massachusetts (-6,632), California (-3,588), Rhode Island (-2,466), Connecticut (-1,777), and Illinois (-831).

Written by
Data Journalism Editor

Rich, the People's Pundit, is the Data Journalism Editor at PPD and Director of the PPD Election Projection Model. He is also the Director of Big Data Poll, and author of "Our Virtuous Republic: The Forgotten Clause in the American Social Contract."

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