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Unemployment Claims mark 59 consecutive weeks below 300,000

In the week ending April 16, the advance figure for seasonally adjusted initial claims was 247,000, a decrease of 6,000 from the previous week's unrevised level of 253,000. This is the lowest level for initial claims since November 24, 1973 when it was 233,000. The 4-week moving average was 260,500, a decrease of 4,500 from the previous week's unrevised average of 265,000. There were no special factors impacting this week's initial claims. This marks 59 consecutive weeks of initial claims below 300,000, the longest streak since 1973.  Read more...

US CPI rose less than expected

The Consumer Price Index increased 0.1% in March on a seasonally adjusted basis, missing forecasts on increase by 0.2%. Over the last 12 months, the all items index rose 0.9% before seasonal adjustment. The food index declined in March, while the indexes for energy and for all items less food and energy rose, leading to the slight seasonally adjusted increase in the all items index. The food index fell 0.2% after rising in February, as five of the six major grocery store food groups declined.  Read more...

Unemployment Claims decreased to 267,000

In the week ending April 2, the advance figure for seasonally adjusted initial claims was 267,000, a decrease of 9,000 from the previous week's unrevised level of 276,000. This marks 57 consecutive weeks of initial claims below 300,000, the longest streak since 1973. The advance seasonally adjusted insured unemployment rate was 1.6% for the week ending March 26, unchanged from the previous week's unrevised rate.  Read more...

Unemployment Claims increased to 276,000

In the week ending March 26, the advance figure for seasonally adjusted initial claims was 276,000, an increase of 11,000 from the previous week's unrevised level of 265,000. Smaller increaseto 266,000 was predicted. The 4-week moving average was 263,250, an increase of 3,500 from the previous week's unrevised average of 259,750. This marks 56 consecutive weeks of initial claims below 300,000, the longest streak since 1973. Read more...

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