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United States Initial Jobless Claims

Last Release
Jun 08, 2024
Actual
242
Units In
Thousand
Previous
229
Frequency
Weekly
Next Release
Jun 20, 2024
Time to Release
6 Days 5 Hours
Highest
Lowest
Average
Date Range
Source
6,149
Apr 2020
162
Nov 1968
364.74 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 jumped by 13,000 to 242,000 on the week ending June 8th, well above market expectations of 225,000, to record the highest reading since August 2023. In the meantime, outstanding claims rose more than expected to 1,820,000 in the earlier week, the highest in nearly five months. The results were further evidence of a softening US labor market, strengthening the case for the Federal Reserve to deliver multiple rate cuts this year should inflation progress in converging to its target. The four-week moving average for initial claims, which reduces week-to-week volatility, increased by 4,750 to 227,000. In the meantime, the non-seasonally-adjusted claim count rose by 38,530 to 234,707, with increases seen in California (10,311), Minnesota (4,342), and Pennsylvania (4,134).

United States Initial Jobless Claims History

Last 12 readings

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