US Weekly Initial Jobless Claims Decline in the Week Ending May 3
Unemployment Insurance Weekly Claims
On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 228,000 during the week ending Saturday, May 3. This is a decrease of 13,000 from the previous week’s unrevised total of 241,000. The 4-week moving average was 227,000—an increase of 1,000 from the previous week’s unrevised average of 226,000.
The advance number for seasonally adjusted insured unemployment during the week ending April 26 was 1,879,000. This is a decrease of 29,000 from the previous week’s revised total of 1,908,000 (originally 1,916,000). The 4-week moving average was 1,874,500—an increase of 8,750 from the previous week’s revised average of 1,865,750 (originally 1,865,750).
The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending April 26, a decrease of 0.1% from the previous week’s unrevised rate.
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