US Weekly Jobless Claims Increase in the Week Ending May 4th
Unemployment Insurance Weekly Claims
On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 231,000 during the week ending Saturday, May 4th. This is an increase of 22,000 from the previous week’s revised level of 209,000 (originally 208,000). The 4-week moving average was 215,000—an increase of 4,750 from the previous week’s revised average of 210,250 (originally 210,000).
The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending April 27th was 1,785,000. This is an increase of 17,000 from the previous week’s revised total of 1,768,000 (originally 1,774,000). The 4-week moving average was 1,781,000—a decrease of 6,250 from the previous week’s revised average of 1,787,250 (originally 1,788,750).
The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending April 27th, unchanged from the previous week’s unrevised rate.
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