According to the US Department of Labor, in the week ending July 11, the advance figure for seasonally adjusted initial claims was 522,000, a decrease of 47,000 from the previous week’s revised figure of 569,000. The 4-week moving average was 584,500, a decrease of 22,500 from the previous week’s revised average of 607,000.
The advance seasonally adjusted insured unemployment rate was 4.7% for the week ending July 4, a decrease of 0.5 percentage points from the prior week’s revised rate of 5.2%.
The advance number for seasonally adjusted insured unemployment during the week ending July 4 was 6,273,000, a decrease of 642,000 from the preceding week’s revised level of 6,915,000. The 4-week moving average was 6,666,750, a decrease of 110,250 from the preceding week’s revised average of 6,777,000.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.449 million.