Research >> Economics
Weekly Initial Unemployment Claims Decrease 1,000 to 222,000
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In the week ending June 2, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 221,000 to 223,000. The 4-week moving average was 225,500, an increase of 2,750 from the previous week's revised average. The previous week's average was revised up by 500 from 222,250 to 222,750. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 26, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 26 was 1,741,000, an increase of 21,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 1,726,000 to 1,720,000. The 4-week moving average was 1,728,750, a decrease of 13,250 from the previous week's revised average. This is the lowest level for this average since December 8, 1973 when it was 1,715,500. The previous week's average was revised down by 1,500 from 1,743,500 to 1,742,000.
Posted: June 7, 2018 Thursday 08:30 AM