Skip to Main Content

Article Attachment

The attached file contains this articles commentary as well as tables and charts of the data.

Jobless Claims: Continue to Decline as Seasonal Volatility Eases

January 12, 2017
Bottom Line: Initial claims climbed less than expected to 247k, rebounding from depressed levels at year-end as seasonal adjustments had pushed the reported figure down to 235k. But with the holidays behind us the seasonal adjustments will be causing less volatility going forward. And with the 4-week average now at 257k, nearly the same as the 13-week average that is now 256k, labor market trends remain positive.

Jobless Claims ROSE by 10k during the week ended January 7th, 247k, compared with market expectations for an increase to 260k.The prior week was revised moderately lower from 265k to 237k.The 4-week average FELL by 1.8k to 257k and the 13 week average was UNCHANGED by 0.0k to 256k.

Continuing Claims FELL by 29k during the week ended December 31st to 2,087k, after the prior week was revised slightly higher from 2,102k to 2,116k.The 4-week average ROSE by 17k to 2,087k. On a non-seasonally adjusted basis, Continuing Claims ROSE by 207k to 2,461k during the week ended December 24th.

The Insured Jobless Rate STAYED at 1.5% during the week ended December 31st. The insured jobless rate only reflects the number of people collecting regular state unemployment insurance.