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Wednesday, July 17, 2019
HomeNewsEconomyJobless Claims Fall Sharply to 209K, Easily Beating Forecast

Jobless Claims Fall Sharply to 209K, Easily Beating Forecast

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

Initial jobless claims fell sharply to a seasonally adjusted 209,000 for the week ending July 6, easily beating the consensus forecast. The 4-week moving average fell solidly by 3,250 to 219,250.

IndicatorPriorPrior RevisedConsensus ForecastForecast RangeResult
Initial jobless Claims221 K222 K220 K209 K to 224 K209 K

The advance seasonally adjusted insured unemployment rate remained unchanged at a very low 1.2% for the week ending June 29.

The advance number for seasonally adjusted insured unemployment rose 27,000 during the week ending June 29 to 1,723,000. The 4-week moving average rose 5,750 to 1,694,750, impacted by a temporary increase two weeks prior.

The Labor Department (DOL) said no state was triggered “on” the Extended Benefits program during the week ending June 22.

The highest insured unemployment rates in the week ending June 22 were in Puerto Rico (2.2), Connecticut (2.1), New Jersey (2.0), Pennsylvania (1.9), Alaska (1.8), California (1.8), Rhode Island (1.7), Massachusetts (1.6), and Illinois (1.5).

The largest increases in initial claims for the week ending June 29 were in New Jersey (+4,914), New York (+2,593), Michigan (+1,671), Alabama (+898), and Missouri (+820), while the largest decreases were in Pennsylvania (-4,119), Massachusetts (-2,311), California (-1,992), Connecticut (-1,692), and Maryland (-1,203).

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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