24forexsignal

US Unemployment Insurance Weekly Claims

In the week ending May 7, the advance figure for seasonally adjusted initial claims was 294,000, an increase of 20,000 from the previous week’s unrevised level of 274,000. This is the highest level for initial claims since February 28, 2015 when it was 310,000. The 4-week moving average was 268,250, an increase of 10,250 from the previous week’s unrevised average of 258,000.
There were no special factors impacting this week’s initial claims. This marks 62 consecutive weeks of initial claims
below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending April 30, unchanged from the previous week’s revised rate. The previous week’s rate was revised up by 0.1 from 1.5 to 1.6 percent. The advance number for seasonally adjusted insured unemployment during the week ending April 30 was 2,161,000, an increase of 37,000 from the previous week’s revised level.
Read full story here