US Weekly Jobless Claims Unchanged in the Week Ending June 10th

The US Department of Labor reported on Thursday (6-15-23) that the advance figure for seasonally adjusted initial unemployment claims was 262,000 during the week ending on Saturday, June 10th. This is unchanged from the previous week’s revised level of 262,000 (originally reported as 261,000). The 4-week moving average was 246,750—an increase of 9,250 from the previous week’s revised level of 237,500 (originally reported as 237,250). That is the highest level for the 4-week average since November 20, 2021.

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending June 3rd was 1,775,000. This is an increase of 20,000 from the previous week’s revised level of 1,755,000 (originally reported as 1,757,000). The 4-week moving average was 1,778,250—a decrease of 6,000 from the previous week’s revised level of 1,784,250 (originally reported as 1,784,750).

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending June 3rd, unchanged from the previous week’s unrevised rate.