Claims for US jobless benefits fall by 8000, to 237000

15 Juin, 2017, 16:36 | Author: Marc Bacque
  • Reuters

The number of Americans applying for unemployment benefits fell last week, remaining at a low level consistent with a healthy US labor market.

Recruiters and job seekers are seen at a job fair in Golden, Colorado, June 7, 2017.

United States initial jobless claims were down 8,000 to 237,000 from the previous week's unrevised level of 245,000. Data on continuing claims are released with a one-week lag. That is the longest such stretch since 1970, when the labor market was smaller.

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Meanwhile, the four-week moving average came in at 243,000, up 1,000 from the previous week's unrevised average. Overall, 1.94 million people were collecting unemployment checks, down 10.2 percent from a year ago.

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 Fed on Wednesday raised its benchmark overnight interest rate by 25 basis points, the second rate hike this year, saying it expected economic activity to expand at a moderate pace and labor market conditions to strengthen somewhat further.

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