Research >> Economics
Weekly Initial Unemployment Claims decrease 51,000 to 364,000
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In the week ending June 26, the advance figure for seasonally adjusted initial claims was 364,000, a decrease of 51,000 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 4,000 from 411,000 to 415,000. The 4-week moving average was 392,750, a decrease of 6,000 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 1,000 from 397,750 to 398,750.
The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending June 19, unchanged from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 2.4 to 2.5 percent. The advance number for seasonally adjusted insured unemployment during the week ending June 19 was 3,469,000, an increase of 56,000 from the previous week's revised level. The previous week's level was revised up 23,000 from 3,390,000 to 3,413,000. The 4-week moving average was 3,481,750, a decrease of 75,000 from the previous week's revised average. This is the lowest level for this average since March 21, 2020 when it was 2,071,750. The previous week's average was revised up by 4,250 from 3,552,500 to 3,556,750.
Posted: July 1, 2021 Thursday 08:30 AM