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US / Jobless Claims Climbed More Than Forecast Last Week

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT – SEASONALLY ADJUSTED DATA (DOL Press Release)

In the week ending January 25, the advance figure for seasonally adjusted initial claims was 348,000, an increase of 19,000 from the previous week\’s revised figure of 329,000. The 4-week moving average was 333,000, an increase of 750 from the previous week\’s revised average of 332,250.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending January 18, unchanged from the prior week\’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 18 was 2,991,000, a decrease of 16,000 from the preceding week’s revised level of 3,007,000. The 4-week moving average was 2,970,250, an increase of 43,500 from the preceding week’s revised average of 2,926,750.

Chosen excerpts by Job Market Monitor. Read the whole story at ETA Press Release: Unemployment Insurance Weekly Claims Report.

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Jobless Claims in U.S. Climbed More Than Forecast Last Week 

Claims are sometimes difficult to seasonally adjust during holiday weeks, although a Labor Department spokesman said there was nothing unusual in the data. Federal Reserve policy makers said yesterday that while labor market data since the end of last year have been “mixed,” there are signs of improvement.

“Weekly layoffs have been low over the past month,” Ryan Wang, an economist at HSBC Securities USA Inc. in New York, said before the report. “Consumers are gradually becoming less pessimistic about the labor market.”

Chosen excerpts by Job Market Monitor. Read the whole story at Jobless Claims in U.S. Climbed More Than Forecast Last Week – Bloomberg.

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