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United States Initial Jobless Claims

Last Release
Feb 10, 2024
Actual
212
Units In
Thousand
Previous
220
Frequency
Weekly
Next Release
Feb 22, 2024
Time to Release
5 Days 23 Hours
Highest
Lowest
Average
Date Range
Source
6,149
Apr 2020
162
Nov 1968
365.59 Thousand1967-2024U.S. Department of Labor
Initial jobless claims have a big impact in financial markets because unlike continued claims data which measures the number of persons claiming unemployment benefits, Initial jobless claims measures new and emerging unemployment.

Latest Updates

The number of people claiming unemployment benefits in the US fell by 8,000 from the prior week’s upwardly revised value to 212,000 on the period ending February 9th, firmly below market estimates of 220,000. It was the lowest reading in nearly one month, adding to the latest jobs report that indicated historical tightness in the US labor market, thus maintaining the leeway for the Federal Reserve to remain hawkish. The four-week moving average, which reduces week-to-week volatility, jumped by 5,750 to 218,500 in the period. The non-seasonally adjusted initial claim count fell by 12,565 to 222,164, as decreases in Missouri (-3,594) and Pennsylvania (-1,517) offset increases in Kentucky (3,264) and California (2,578). On the other hand, continuing claims rose by 30,000 to 1,895,000 in the previous week, suggesting that the unemployed population is having a more difficult time finding suitable jobs.

United States Initial Jobless Claims History

Last 12 readings

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