• U.S. Initial Unemployment Claims Down 2K

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In the week ending June 16, the advance figure for seasonally adjusted initial claims was 387,000, a decrease of 2,000 from the previous week's revised figure of 389,000 and down 8.7% from the same week a year ago. The 4-week moving average was 386,250, an increase of 3,500 from the previous week's revised average of 382,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending June 9, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending June 2 were in Alaska (4.4), Puerto Rico (3.7), Pennsylvania (3.5), California (3.3), New Jersey (3.3), Connecticut (3.2), Oregon (3.2), Illinois (3.1), Nevada (3.0), and Virgin Islands (3.0). The largest increases in initial claims for the week ending June 9 were in California (+12,987), Pennsylvania (+7,036), Texas (+4,028), Georgia (3,686), and North Carolina (+3,148), while the largest decreases were in Missouri (-438), Alaska (-126), Puerto Rico (-99), Nevada (-99), and Minnesota (-66). 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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