The attached file contains this articles commentary as well as tables and charts of the data.
Jobless Claims: Holding Near Lows
May 11, 2017
Bottom Line: While most of the decline in the seasonally adjusted headline number for the week ended May 6th was due to the seasonal factor (unadjusted claims were up nealry 4k), the trends remain towards modest, steady improvement in the labor market. The 4-week average is at 244k, still below the 13-week average that is now 245k.
Jobless Claims FELL by 2k during the week ended May 6th, 236k, compared with market expectations for an increase to 248k.The 4-week average ROSE by 0.5k to 244k and the 13 week average FELL by 0.1k to 245k.
Continuing Claims FELL by 61k during the week ended April 29th to 1,918k, after the prior week was revised slightly lower from 2,052k to 1,979k.The 4-week average FELL by 28k to 1,966k.
On a non-seasonally adjusted basis, Continuing Claims FELL by 98k to 1,853k during the week ended April 22nd.
The Insured Jobless Rate STAYED at 1.4% during the week ended April 29th. The insured jobless rate only reflects the number of people collecting regular state unemployment insurance.