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Jobless Claims Continue to Beat Expectations as Demand for Labor Holds

Weekly Jobless Claims Graphic. Number of Americans applying for first-time jobless benefits.

The Labor Department said Thursday weekly jobless claims fell 4,000 for the week ending May 13 to a lower-than-expected a 232,000, beating the median forecast.

The 4-week moving average was down 2,750 to 240,750 and lagging continuing claims were down 22,000 to 1.898 million for the week ending May 6. That’s a 29-year low for this reading.

The 4-week average for lagging claims is down 20,000 to 1.946 million, a 43-year low. The unemployment rate for insured workers (which excludes job leavers and re-entrants) is at 1.4 percent.

A Labor Department analysts said there are no special factors impacting the report, which comes before what indicators point to being another solid jobs report in May.

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PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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  • What's going on with your polls? Why Trump have 41% approval rating? Are they rigged or people are just dumb because they watch the stupid news from the left-wing media??!!!

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