According to the US Department of Labor, in the week ending June 6, the advance figure for seasonally adjusted initial claims was 601,000, a decrease of 24,000 from the previous week’s revised figure of 625,000. The 4-week moving average was 621,750, a decrease of 10,500 from the previous week’s revised average of 632,250.
The advance seasonally adjusted insured unemployment rate was 5.1% for the week ending May 30, unchanged from the prior week’s revised rate of 5.1%.
The advance number for seasonally adjusted insured unemployment during the week ending May 30 was 6,816,000, an increase of 59,000 from the preceding week’s revised level of 6,757,000. The 4-week moving average was 6,750,500, an increase of 57,250 from the preceding week’s revised average of 6,693,250.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.238 million.
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