On January 21, initial unemployment claims in the US fell by 6,000.
According to the US Department of Labor release of weekly data on Thursday, for US Weekly Initial Jobless Claims there were 186,000 new applications for unemployment benefits during the week ending January 21. This reading came in higher than the market forecast of 205,000 and follows the previous week’s reading of 192,000 (updated from 190,000).
The advance seasonally adjusted insured unemployment rate was 1.2%, according to the publication’s further information, and the 4-week moving average fell by 9,250 from the previous week’s corrected average to 197,500.
The advance number for seasonally adjusted insured unemployment for the week ending January 14 was 1,675,000, up 20,000 from the revised level from the prior week, according to the DOL.