• U.S. Initial Unemployment Claims Down 6K

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In the week ending June 23, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 6,000 from the previous week's revised figure of 392,000 and down 9.2% from the same week a year ago. The 4-week moving average was 386,750, a decrease of 750 from the previous week's revised average of 387,500. Click on chart to enlarge: The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending June 16, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending June 9 were in Alaska (4.2), Puerto Rico (3.8), Pennsylvania (3.6), California (3.4), New Jersey (3.3), Connecticut (3.2), Illinois (3.1), Oregon (3.1), Nevada (2.9), Rhode Island (2.9), and the Virgin Islands (2.9). The largest increases in initial claims for the week ending June 16 were in Pennsylvania (+4,656), New Jersey (+3,907), Maryland ( +2,624), Florida (+2,528), and Puerto Rico (+1,533), while the largest decreases were in California (-8,016), New York (-3,018), Georgia (-2,160), Illinois (-1,996), and Missouri (-1,339). Note: “Insured rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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