Weekly Jobless Claims Inch Lower – in the Week Ending 25th June 2022

The U.S. Department of Labor is reporting that seasonally adjusted an additional 231,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, 25^th June 2022. A decline of 2,000 from the previous week’s revised level. The 4-week moving average was 231,750 an increase of 7,250 from the previous week’s revised average.

The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending June 18^th, 2022, was 1,328,000, a decrease of 3,000 from the previous week’s revised level. The 4-week moving average was 1,319,500 an increase of 5,500 from the previous week’s revised average.

The advance seasonally adjusted insured unemployment rate was 0.9% for the week ending June 18^th , 2022, a decrease of 0.1 percentage point from the previous week’s revised rate.