• U.S. Initial Unemployment Claims Down 14K

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In the week ending June 30, the advance figure for seasonally adjusted initial claims was 374,000, a decrease of 14,000 from the previous week's revised figure of 388,000 and down 11.4% from the same week a year ago. The 4-week moving average was 385,750, a decrease of 1,500 from the previous week's revised average of 387,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending June 23, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending June 16 were in Virgin Islands (4.3), Alaska (4.1), Puerto Rico (4.0), Pennsylvania (3.7), California (3.3), New Jersey (3.3), Connecticut (3.2), Illinois (3.1), Oregon (3.1), Nevada (2.9), Rhode Island (2.9), and Wisconsin (2.9). The largest increases in initial claims for the week ending June 23 were in California (+8,239), New Jersey (+4,894), Massachusetts (+3,873), Michigan (+3,692), and Connecticut (+2,598), while the largest decreases were in Pennsylvania (-7,865), Maryland (-2,265), Ohio (-1,588), Wisconsin (-1,544), and Georgia (-1,398). 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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