US Weekly Jobless Claims

What should do Americans, when they lost their jobs? They may file an initial jobless claim. Nowadays state of the labor market's situation is highly important for a macroeconomic analysis, especially leading indicator is jobless claims. Because the number of initial jobless claims is an estimator of emerging unemployment.

• The number of American applicated for first-time jobless claims increased by 10,000 to 244,000 persons for the week ended 15 April, whereas total benefit rolls have reached the lowest level for 17 years in a row, according to Bloomberg report.
• 4-Week moving average of initial claims declined by 4,250 thousand, from the previous week's unrevised average of 247,250.
• At the same time number of persons receiving unemployment compensation benefits decreased to 1'979 thousand, compared with the previous week it was 2.028 thousand persons. 
• The insured rate of unemployment among people eligible for benefits fell by 0.1 percent to 1.4%. 

California is the third in the USA by area and population. This state shined as the leader of the United States by the numbers of initial unemployment claims, numbers totals to 49,903 thousand, it is 32,500 thousand more than New York - fourth most populous. By way of contrast, North Dakota is one of the least densely populated and this state is in the bottom of the rating. 

Quartz Media report shows last year number of jobless claims in the United States have dragged the bottom since 1973. Moreover, by contrast to 2016 number of persons filed unemployment claims have rapidly declined, insured unemployment have plummeted to 1,979, down by 166 thousand from the previous year. As well as, weekly jobless claim rate in the beginning of the year fell to the lowest level ever as shown in Forbes review. Also, the number of jobless claims remained lower than 300,000, that is the level that characterizes healthy labor market during 80 straight weeks, CNBC notifies.

Besides, average weekly initial jobless claims are one of ten key indicators, that used for calculation of The Conference Board Leading Economic Index. This American Leading Indicator prepares for forecast future economic activity. Of course, low level of weekly jobless claims associated with low level of layoffs, that is good. On the other hand, technological stagnation might be a reason of that, which isn't. Unfortunately, we will clear up whether it is good or bad in a few years when we can estimate the productivity statistics.

Read also: Unemployment rate | Employment and Unemployment | Unemployment in the United States. Regional Breakdown | US State Profile |  Leading indicators for the US economy