<H3>• U.S. Initial Unemployment Claims Up 10k </H3> [Jobless]

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In the week ending May 25, the advance figure for seasonally adjusted initial claims was 354,000, an increase of 10,000 from the previous week's revised figure of 344,000 but down 7.3% from the same week a year ago. The 4-week moving average was 347,250, an increase of 6,750 from the previous week's revised average of 340,500. The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending May 18, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending May 11 were in Alaska (4.9), Puerto Rico (4.5), New Jersey (3.1), New Mexico (3.1), Connecticut (3.0), California (2.9), Pennsylvania (2.9), Nevada (2.8), Oregon (2.8), Illinois (2.7). The largest increases in initial claims for the week ending May 18 were in South Carolina (+1,263), Tennessee (+1,191), Missouri (+785), Michigan (+634), and Massachusetts (+610), while the largest decreases were in California (-16,334), Georgia (-1,802), Illinois (-1,198), Kentucky (-902), and Ohio (-623). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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