According to the US Department of Labor, in the week ending May 9, the advance figure for seasonally adjusted initial claims was 637,000, an increase of 32,000 from the previous week’s revised figure of 605,000. The 4-week moving average was 630,500, an increase of 6,000 from the previous week’s revised average of 624,500.
The advance seasonally adjusted insured unemployment rate was 4.9% for the week ending May 2, an increase of 0.1 percentage points from the prior week’s unrevised rate of 4.8%.
The advance number for seasonally adjusted insured unemployment during the week ending May 2 was 6,560,000, an increase of 202,000 from the preceding week’s revised level of 6,358,000. The 4-week moving average was 6,337,250, an increase of 128,750 from the preceding week’s revised average of 6,208,500.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.011 million.