Research >> Economics
Weekly Initial Unemployment Claims decrease 34,000 to 444,000
|
In the week ending May 15, the advance figure for seasonally adjusted initial claims was 444,000, a decrease of 34,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised up by 5,000 from 473,000 to 478,000. The 4-week moving average was 504,750, a decrease of 30,500 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week's average was revised up by 1,250 from 534,000 to 535,250.
The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending May 8, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 8 was 3,751,000, an increase of 111,000 from the previous week's revised level. The previous week's level was revised down by 15,000 from 3,655,000 to 3,640,000. The 4-week moving average was 3,681,000, an increase of 24,750 from the previous week's revised average. The previous week's average was revised down by 8,750 from 3,665,000 to 3,656,250.
Posted: May 20, 2021 Thursday 08:30 AM