• U.S. Initial Unemployment Claims Up 10K

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In the week ending May 26, the advance figure for seasonally adjusted initial claims was 383,000, an increase of 10,000 from the previous week's revised figure of 373,000 but down 9.7% from the same week a year ago. The 4-week moving average was 374,500, an increase of 3,750 from the previous week's revised average of 370,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending May 19, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending May 12 were in Alaska (4.9), Puerto Rico (4.0), California (3.6), Pennsylvania (3.6), New Jersey (3.3), Oregon (3.3), Connecticut (3.2), Illinois (3.0), Nevada (3.0), and Rhode Island (3.0). The largest increases in initial claims for the week ending May 19 were in California (+2,716), Texas (+1,648), South Carolina (+1,029), Florida (+913), and Maryland (+626), while the largest decreases were in Wisconsin (-1,240), Michigan (-716), Georgia (-691), Pennsylvania (-594), and Washington (-447). Click on chart to enlarge Note: “Insured rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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