According to the US Department of Labor, in the week ending May 29, the advance figure for seasonally adjusted initial claims was 453,000, a decrease of 10,000 from the previous week’s revised figure of 463,000. The 4-week moving average was 459,000, an increase of 1,750 from the previous week’s revised average of 457,250.
The advance seasonally adjusted insured unemployment rate was 3.6% for the week ending May 22, unchanged from the prior week’s unrevised rate of 3.6%.
The advance number for seasonally adjusted insured unemployment during the week ending May 22 was 4,666,000, an increase of 31,000 from the preceding week’s revised level of 4,635,000. The 4-week moving average was 4,654,000, an increase of 9,750 from the preceding week’s revised average of 4,644,250.
The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.124 million.