US Weekly Jobless Claims Increase in the Week Ending June 29th
Unemployment Insurance Weekly Claims
On Wednesday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 238,000 during the week ending Saturday, June 29th. This is an increase of 4,000 from the previous week’s revised level of 234,000 (originally 233,000). The 4-week moving average was 238,500—an increase of 2,250 from the previous week’s revised average of 236,250 (originally 236,000).
The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending June 22nd was 1,858,000. This is an increase of 26,000 from the previous week’s revised total of 1,832,000 (originally 1,839,000). This is the highest level for insured unemployment since November 27th, 2021, when it was 1,878,000. The 4-week moving average was 1,831,000—an increase of 16,750 from the previous week’s revised average of 1,814,250 (originally 1,816,000). This is the highest level since December 4th, 2021, when it was 1,859,750.
The advanced seasonally adjusted insured unemployment rate was 1.2% for the week ending June 22nd, unchanged from the previous week’s unrevised rate.
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