According to the US Department of Labor, in the week ending May 16, the advance figure for seasonally adjusted initial claims was 631,000, a decrease of 12,000 from the previous week’s revised figure of 643,000. The 4-week moving average was 628,500, a decrease of 3,500 from the previous week’s revised average of 632,000.
The advance seasonally adjusted insured unemployment rate was 5.0% for the week ending May 9, an increase of 0.1 percentage points from the prior week’s unrevised rate of 4.9%.
The advance number for seasonally adjusted insured unemployment during the week ending May 9 was 6,662,000, an increase of 75,000 from the preceding week’s revised level of 6,587,000. The 4-week moving average was 6,480,500, an increase of 131,000 from the preceding week’s revised average of 6,349,500.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.071 million.