<H3>• U.S. Initial Unemployment Claims Down 11k </H3> [Jobless]

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In the week ending June 1, the advance figure for seasonally adjusted initial claims was 346,000, a decrease of 11,000 from the previous week's revised figure of 357,000 and down 8.5% from the same week a year ago. The 4-week moving average was 352,500, an increase of 4,500 from the previous week's revised average of 348,000. The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending May 25, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending May 18 were in Alaska (4.9), Puerto Rico (4.3), California (3.2), New Mexico (3.2), New Jersey (3.1), Connecticut (3.0), Pennsylvania (3.0), Nevada (2.8), Oregon (2.7), and Illinois (2.6). The largest increases in initial claims for the week ending May 25 were in California (+8,622), Missouri (+2,999), Kentucky (+1,750), Pennsylvania (+1,333), and Kansas (+1,325), while the largest decreases were in Michigan (-2,185), North Carolina (-1,747), South Carolina (-867), Tennessee (-686), and Texas (-608). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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