Research >> Economics
Weekly Initial Unemployment Claims Decrease 4,000 to 264,000
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In the week ending June 4, the advance figure for seasonally adjusted initial claims was 264,000, a decrease of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 267,000 to 268,000. The 4-week moving average was 269,500, a decrease of 7,500 from the previous week's revised average. The previous week's average was revised up by 250 from 276,750 to 277,000. There were no special factors impacting this week's initial claims. This marks 66 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending May 28, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 28 was 2,095,000, a decrease of 77,000 from the previous week's unrevised level of 2,172,000. This is the lowest level for insured unemployment since October 21, 2000 when it was 2,082,000. The 4-week moving average was 2,145,000, a decrease of 17,500 from the previous week's unrevised average of 2,162,500.
Posted: June 9, 2016 Thursday 08:30 AM