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UI Weekly Claims in US (week ending May 30) – 1,877,000, a decrease of 249,000 from the previous week’s revised level

In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 2,123,000 to 2,126,000. The 4-week moving average was 2,284,000, a decrease of 324,750 from the previous week’s revised average. The previous week’s average was revised up by 750 from 2,608,000 to 2,608,750.

The advance seasonally adjusted insured unemployment rate was 14.8 percent for the week ending May 23, an increase of 0.5 percentage point from the previous week’s revised rate. The previous week’s rate was revised down by 0.2 from 14.5 to 14.3 percent. The advance number for seasonally adjusted insured unemployment during the week ending May 23 was 21,487,000, an increase of 649,000 from the previous week’s revised level. The previous week’s level was revised down by 214,000 from 21,052,000 to 20,838,000. The 4-week moving average was 22,446,250, a decrease of 222,500 from the previous week’s revised average. The previous week’s average was revised down by 53,500 from 22,722,250 to 22,668,750.

Chosen excerpts by Job Market Monitor. Read the whole story @ UNEMPLOYMENT INSURANCE WEEKLY CLAIMS SEASONALLY ADJUSTED DATA

More than 42 million Americans have filed for unemployment insurance over the past 11 weeks.

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