Research >> Economics
Weekly Initial Unemployment Claims decrease 34,000 to 473,000
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In the week ending May 8, the advance figure for seasonally adjusted initial claims was 473,000, 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 9,000 from 498,000 to 507,000. The 4-week moving average was 534,000, a decrease of 28,250 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 2,250 from 560,000 to 562,250.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending May 1, a decrease of 0.1 percentage point from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 2.6 to 2.7 percent. The advance number for seasonally adjusted insured unemployment during the week ending May 1 was 3,655,000, a decrease of 45,000 from the previous week's revised level. The previous week's level was revised up 10,000 from 3,690,000 to 3,700,000. The 4-week moving average was 3,665,000, a decrease of 13,250 from the previous week's revised average. This is the lowest level for this average since March 28, 2020 when it was 3,611,750. The previous week's average was revised up by 2,500 from 3,675,750 to 3,678,250.
Posted: May 13, 2021 Thursday 08:30 AM