According to the US Department of Labor, in the week ending May 30, the advance figure for seasonally adjusted initial claims was 621,000, a decrease of 4,000 from the previous week’s revised figure of 625,000. The 4-week moving average was 631,250, an increase of 4,000 from the previous week’s revised average of 627,250.
The advance seasonally adjusted insured unemployment rate was 5.0% for the week ending May 23, unchanged from the prior week’s revised rate of 5.0%.
The advance number for seasonally adjusted insured unemployment during the week ending May 23 was 6,735,000, a decrease of 15,000 from the preceding week’s revised level of 6,750,000. The 4-week moving average was 6,687,500, an increase of 88,750 from the preceding week’s revised average of 6,598,750.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.184 million.