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88th consecutive week with jobless claims below 300,000

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Staff Writer | November 10, 2016
The number of Americans filing for unemployment benefits fell more than expected last week, underscoring the robustness of the labor market.
U.S. jobless claims
Working in America   U.S. jobless claims drop more than expected
Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 254,000 for the week ended Nov. 5, the Labor Department said. Claims for the prior week were unrevised.

It was the 88th consecutive week that claims remained below 300,000, a threshold associated with a healthy labor market. That is the longest stretch since 1970, the department said.

The Labor Department said there were no special factors impacting the week's data and that claims for only one state, Virginia, were estimated.

The four-week moving average of claims, which irons out volatility, rose 1,750 to 259,750 last week. The number of people still receiving benefits after an initial week of aid increased 18,000 to 2.04 million in the week ended October 29.

The claims data follows last Friday's monthly employment report for October, which showed a healthy gain of 161,000 jobs.


 

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