Research >> Economics
Weekly Initial Unemployment Claims Increase 8,000 to 312,000
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In the week ending May 31, the advance figure for seasonally adjusted initial claims was 312,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 300,000 to 304,000. The 4-week moving average was 310,250, a decrease of 2,250 from the previous week's revised average. This is the lowest level for this average since June 2, 2007 when it was 307,500. The previous week's average was revised up by 1,000 from 311,500 to 312,500.
There were no special factors impacting this week's initial claims. The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending May 24, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 24 was 2,603,000, a decrease of 20,000 from the previous week's revised level. This is the lowest level for insured unemployment since October 27, 2007 when it was 2,587,000. The previous week's level was revised down by 8,000 from 2,631,000 to 2,623,000. The 4-week moving average was 2,635,000, a decrease of 18,250 from the previous week's revised average. This is the lowest level for this average since December 1, 2007 when it was 2,622,250. The previous week's average was revised down by 2,000 from 2,655,250 to 2,653,250.
Posted: June 5, 2014 Thursday 08:30 AM