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Jobless Claims: Steady Labor Market Trends

December 15, 2016
Bottom Line: Claims have returned to trend before more seasonal volatility comes back in the next few weeks. Next week's report is for the survey week for the December non-farm payroll report and trends indicate very little has changed in the labor market over the last few months. The 4-week average is at 258k, above the 13-week average that is now 254k.

Jobless Claims FELL by 4k during the week ended December 10th, 254k, compared with market expectations for a decline to 255k.The 4-week average ROSE by 5.3k to 258k and the 13 week average FELL by 0.5k to 254k.

Continuing Claims ROSE by 11k during the week ended December 3rd to 2,018k, after the prior week was revised slightly lower from 2,081k to 2,007k.The 4-week average ROSE by 9k to 2,038k. On a non-seasonally adjusted basis, Continuing Claims FELL by 78k to 1,993k during the week ended November 26th.

The Insured Jobless Rate STAYED at 1.5% during the week ended December 3rd. The insured jobless rate only reflects the number of people collecting regular state unemployment insurance.