US Weekly Jobless Claims Inch Lower in the Week Ending June 15th

On Thursday, the Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 238,000 during the week ending Saturday, June 15th. This is a decrease of 5,000 from the previous week’s revised level of 243,000 (originally 242,000). The 4-week moving average was 232,75000—an increase of 5,500 from the previous week’s revised average of 227,250 (originally 227,000).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending June 8th was 1,828,000. This is an increase of 15,000 from the previous week’s revised total of 1,813,000 (originally 1,820,000). The 4-week moving average was 1,805,500—an increase of 10,250 from the previous week’s revised average of 1,795,250 (originally 1,796,750).

The advanced seasonally adjusted insured unemployment rate was 1.2% for the week ending June 8th, unchanged from the previous week’s unrevised rate.