Widget Image
Follow PPD Social Media
Follow Us:
Monday, May 25, 2020
HomeNewsEconomyWeekly Jobless Claims Only 210K for February 15

Weekly Jobless Claims Only 210K for February 15

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

4-Week Moving Average for Jobless Claims Down to Only 209K

The U.S. Labor Department (DOL) reported initial jobless claims came in at a seasonally adjusted 210,000 for the week ending February 15, beating the consensus forecast. The previous week was revised higher by just 1,000 to 206,000.

Forecasts ranged from a low of 210,000 to a high of 217,000. The consensus forecast was 211,000.

The 4-week moving average was only 209,000, a decrease of 3,250 from the previous week’s slightly higher revised average. Last week was revised up by just 250.

Lagging Jobless Claims Data

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

The advance seasonally adjusted insured unemployment rate was unchanged at a very low 1.2% for the week ending February 8.

The advance number for seasonally adjusted insured unemployment during the week ending February 8 was 1,726,000, an increase of 25,000. The previous week’s level was revised up by 3,000 from 1,698,000 to 1,701,000.

The 4-week moving average was 1,722,250, a decrease of 5,250. The previous week’s average was revised up by 750 from 1,726,750 to 1,727,500.

No state was triggered “on” the Extended Benefits program during the week ending February 1.

State Jobless Claims Data

The highest insured unemployment rates in the week ending February 1 were in Alaska (3.0), New Jersey (2.7), Puerto Rico (2.7), Connecticut (2.5), Montana (2.5), West Virginia (2.5), Pennsylvania (2.4), Rhode Island (2.3), Illinois (2.2), and Minnesota (2.2).

The largest increases in initial claims for the week ending February 8 were in New Jersey (+984), Washington (+542), Virginia (+522), Nevada (+508), and Illinois (+451), while the largest decreases were in California (-3,066), New York (-1,535), Pennsylvania (-1,468), Missouri (-1,131), and Iowa (-687).

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.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial