Research >> Economics
Weekly Initial Unemployment Claims Increase 13,000 to 248,000
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In the week ending May 27, the advance figure for seasonally adjusted initial claims was 248,000, an increase of 13,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 234,000 to 235,000. The 4-week moving average was 238,000, an increase of 2,500 from the previous week's revised average. The previous week's average was revised up by 250 from 235,250 to 235,500.
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending May 20, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 20 was 1,915,000, a decrease of 9,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 1,923,000 to 1,924,000. The 4-week moving average was 1,914,500, a decrease of 16,000 from the previous week's revised average. This is the lowest level for this average since January 12, 1974 when it was 1,881,000. The previous week's average was revised up by 250 from 1,930,250 to 1,930,500.
Posted: June 1, 2017 Thursday 08:30 AM