Initial jobless claims above 300K for third week

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WASHINGTON (AP) – Initial. new claims for jobless benefits jumped 13,000 to a seasonally adjusted 472,000. The four-week average, which smooths fluctuations, rose 3,250 to 466,500, its highest.

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The week ending May 23 was the twelfth straight week in which initial jobless claims have been under 300,000. This shows improvement in the job market, despite a struggling economy.

There were no special factors impacting this week’s initial claims. [See full report] today’s seasonally adjusted 265K came in well below the forecast of 300K. The four-week moving.

Initial Jobless Claims came in 4K above expectations at 229K on a seasonally adjusted basis; up from last week’s 223K. This is near the upper end of the range jobless claims have been in for the past few months. It has also now been two months since claims last hit a new low of 200K.

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There were no special factors impacting this week’s initial claims. [See full report] Today’s seasonally adjusted number at 315K was substantially above the forecast of 300K. For an.

While relegated to the backburner due to the underwhelming stimulus announced by the ECB, we saw another week of solid jobless claims data. back then the population was a third smaller than it is.

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Jobless claims on. from the final week of January rolling off of the average. This week’s print is still well above what was observed for much of the past year, but it is reassuring that it did not.