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Claims for US jobless benefits fall by 8000, to 237000

15 Juin 2017

FILE - In this June 10, 2015, file photo, job seekers attend a job fair in Sunrise, Fla.

The Labor Department said Thursday that claims for jobless benefits last week dropped by 8,000, to a seasonally adjusted 237,000. Economists polled by Reuters had forecast first-time applications for jobless benefits falling to 242,000 in the latest week. That is the longest such stretch since 1970, when the labor market was smaller.

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The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 1,000 to 243,000 last week. The labor market is near full employment, with the jobless rate at a 16-year low of 4.3 percent. The Fed signaled that it meant to raise rates one more time this year.

Continuing claims increased to 1.935mn for the week ending June 3rd from a revised 1.929mn the previous week, although the reading has been below 2.00mn for nine successive weeks and the total remains close to 43-year lows. The number of continuing claims climbed 6,000 to 1.935 million for the week ended June 3, the most recent week for which there is data.

Claims for US jobless benefits fall by 8000, to 237000