US Initial Jobless Claims Lower than Expected


The number of Americans filing for unemployment benefits fell by 1 thousand to 222 thousand in the week ending June 2 from the previous week's revised level of 223 thousand and below market expectations of 225 thousand.

The 4-week moving average was 225,500, an increase of 2,750 from the previous week's revised average (to 222,750 from 222,250).

According to unadjusted data, the biggest declines in claims were recorded in Michigan (-3,774); New Jersey (-1,747), California (-1,448), New York (-1,332) and Missouri (-1,089). Meanwhile, the bigggest increases were seen in Illinois (+1,636), Tennesse (+1,500), Ohio (+719) and New Mexico (+377). Claims taking procedures in Puerto Rico (-94) and in the Virgin Islands (-9) have still not returned to normal. 

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 26, unchanged from the previous week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending May 26 was 1,741,000, an increase of 21,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 1,726,000 to 1,720,000. The 4-week moving average was 1,728,750, a decrease of 13,250 from the previous week's revised average. This is the lowest level for this average since December 8, 1973 when it was 1,715,500. The previous week's average was revised down by 1,500 from 1,743,500 to 1,742,000. 


US Initial Jobless Claims Lower than Expected


DOL | Stefanie Moya | stefanie.moya@tradingeconomics.com
6/7/2018 1:27:54 PM