US Weekly Jobless Claims Fall by 11,000

The US Weekly Jobless Claims for the week ended December 9 fell 11,000 to 225,000 from the preceding week on a seasonally adjusted basis, according to a release from the Depart of Labor.

There was no change in the previous week jobless claim of 236,000. However, the four-week moving average has witnessed a fall of 6,750 to 234,750 from the preceding week’s 241,500, which was unrevised.

The release revealed, “The advance number of actual initial claims under state programs, unadjusted, totaled 281,556 in the week ending December 9, a decrease of 44,508 (or -13.7 percent) from the previous week. The seasonal factors had expected a decrease of 29,556 (or -9.1 percent) from the previous week. There were 305,268 initial claims in the comparable week in 2016.”

The advance unadjusted insured jobless claim rate was 1.3 percent in the week ended December 2, which was down 0.1 percentage point from the previous week. This meant the adjusted insured jobless number was 1.886 million at the end of December 2. This represented a drop of 27,000 from the preceding week’s revised level.

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