Research >> Economics
Weekly Initial Unemployment Claims Increase 4,000 to 317,000
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In the week ending June 7, the advance figure for seasonally adjusted initial claims was 317,000, an increase of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 312,000 to 313,000. The 4-week moving average was 315,250, an increase of 4,750 from the previous week's revised average. The previous week's average was revised up by 250 from 310,250 to 310,500.
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 31, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 31 was 2,614,000, an increase of 11,000 from the previous week's unrevised level of 2,603,000. The 4-week moving average was 2,622,000, a decrease of 13,000 from the previous week's unrevised average of 2,635,000. This is the lowest level for this average since November 24, 2007 when it was 2,616,750.
Posted: June 12, 2014 Thursday 08:30 AM