US Jobless Claims Pick Up for the First Time in Six Weeks

[mahatmakanejeeves]

Economics | Jobs

US Jobless Claims Pick Up for the First Time in Six Weeks

By Augusta Saraiva
February 9, 2023, 1:33 PM UTC Updated on February 9, 2023, 1:36 PM UTC

Applications for US unemployment benefits rose for the first time in six weeks but remained historically low, underscoring the resilience of the job market despite mounting economic uncertainty.

Initial unemployment claims rose by 13,000 to 196,000 in the week ended Feb. 4, Labor Department data showed Thursday. The median forecast in a Bloomberg survey of economists called for 190,000 applications.

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[progree]

1. Continuing claims: 1,688k (up 38k. Previous week revised down 5k)

https://www.dol.gov/ui/data.pdf
Continuing claims aka insured unemployment

Graphs of both initial claims and continuing claims. Interesting that while initial claims have been coming down, continuing claims have been rising since October until mid-December, and then leveling off or a very slight decline since then.