According to the US Department of Labor, in the week ending May 2, the advance figure for seasonally adjusted initial claims was 601,000, a decrease of 34,000 from the previous week’s revised figure of 635,000. The 4-week moving average was 623,500, a decrease of 14,750 from the previous week’s revised average of 638,250.

The advance seasonally adjusted insured unemployment rate was 4.8% for the week ending April 25, an increase of 0.1 percentage point from the prior week’s unrevised rate of 4.7%.

The advance number for seasonally adjusted insured unemployment during the week ending April 25 was 6,351,000, an increase of 56,000 from the preceding week’s revised level of 6,295,000. The 4-week moving average was 6,207,250, an increase of 125,250 from the preceding week’s revised average of 6,082,000.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.953 million.