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United States Initial Jobless Claims
Last Release
Nov 30, 2024
Actual
224
Units In
Thousand
Previous
213
Frequency
Weekly
Next Release
Dec 19, 2024
Time to Release
6 Days 19 Hours
Highest | Lowest | Average | Date Range | Source |
6,149 Apr 2020 | 162 Nov 1968 | 363.63 Thousand | 1967-2024 | U.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
US initial jobless claims soared by 17,000 from the previous week to 242,000 on the first week of December, well above market expectations that they would fall to 220,000, to mark the sharpest count of new claims since October. In turn, outstanding claims rose by 15,000 from the previous week to 1,886,000, relatively close to the three-year high of 1,908,000 from earlier in November. The result pressed against recent hopes that the US labor market remained tight, favoring more rate cuts by the Fed next year. On a non-seasonally adjusted basis, claims soared by 99,140 to 310,366, largely due to a surge in California (14,827), New York (9,156), and Texas (9,480).
United States Initial Jobless Claims History
Last 12 readings