• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

A Record Streak In Jobless Claims

By Kurt Osterberg · On April 12, 2018

Jobless claims came in higher than expected for the second time in a row this week, but the report was still monumental from a historical perspective.  While economists were forecasting first time claims to fall to 230K from last week’s higher than expected level of 242K, the actual reading came in at 233K. This week’s print now makes it 162 straight weeks where claims have come in below 300K, surpassing the previous record streak of 161 weeks that ended in April 1970. Given the fact that claims are currently still well below 300K, this could be a streak that lasts for some time.

With claims coming in at over 240K last week and above 230K this week, the four-week moving average has been drifting higher. This week’s reading came in at 230K, which is more than 7K above the multi-decade low of 222.75K that we hit five weeks ago. The way the last two prints have come in, it could be some time before we get back to those previous lows again if we get there at all.

On a non-seasonally adjusted basis, claims came in at 231.4K. While that’s up from last week’s level of 201K, it is still more than 120K below the average for the current week of the year dating back to 2000. In fact, the last time claims were lower for the current week of the year was back in 1969.

 

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    Becoming a More Decisive Leader

  • Finance

    Let’s Talk About the “F” Word: Feedback

  • Finance

    7 Tips to Increase Productivity When Working From Home

No Comments

Leave a reply Cancel reply

Top Finance

  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
  • Hedge Funds In The US Hedge Funds In The US
  • One Ring To Rule Them All One Ring To Rule Them All
  • Kanban vs Scrum: Understanding the Tools for Agile Success Kanban vs Scrum: Understanding the Tools for Agile Success
  • Samsung Galaxy Note 9 Review Samsung Galaxy Note 9 Review

New Posts

  • Becoming a More Decisive Leader

    Becoming a More Decisive Leader

    February 28, 2021
  • Let’s Talk About the “F” Word: Feedback

    Let’s Talk About the “F” Word: Feedback

    February 28, 2021
  • 7 Tips to Increase Productivity When Working From Home

    7 Tips to Increase Productivity When Working From Home

    February 27, 2021
  • The Door’s Open but the Ride It Ain’t Free

    The Door’s Open but the Ride It Ain’t Free

    February 27, 2021
  • 5 Smart Ways to Improve Your ROI (Plus Tools & Templates)

    5 Smart Ways to Improve Your ROI (Plus Tools & Templates)

    February 27, 2021
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.