According to the US Department of Labor, in the week ending May 25, the advance figure for seasonally adjusted initial claims was 354,000, an increase of 10,000 from the previous week’s revised figure of 344,000. The 4-week moving average was 347,250, an increase of 6,750 from the previous week’s revised average of 340,500.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 2.3% for the week ending May 18, unchanged from the prior week’s unrevised rate.
Advance Seasonally Adjusted Insured Unemployment Increases
The advance number for seasonally adjusted insured unemployment during the week ending May 18 was 2,986,000, an increase of 63,000 from the preceding week’s revised level of 2,923,000. The 4-week moving average was 2,986,500, a decrease of 11,500 from the preceding week’s revised average of 2,998,000.