<H3>• U.S. Initial Unemployment Claims Down 12k </H3> [Jobless]

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In the week ending June 8, the advance figure for seasonally adjusted initial claims was 334,000, a decrease of 12,000 from the previous week's unrevised figure of 346,000 and down 12.8% from the same week a year ago. The 4-week moving average was 345,250, a decrease of 7,250 from the previous week's unrevised average of 352,500. The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending June 1, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending May 25 were in Puerto Rico (4.6), Alaska (4.5), New Mexico (3.2), New Jersey (3.1), Connecticut (3.0), California (2.9), Pennsylvania (2.9), Nevada (2.8), Oregon (2.7), and Illinois (2.6). The largest increases in initial claims for the week ending June 1 were in Tennessee (+1,280), New York (+1,001), Oregon (+851), Montana (+501), and North Carolina (+302), while the largest decreases were in California (-8,796), Florida (-3,250), Pennsylvania (-1,923), Texas (-1,876), and Missouri (-1,704). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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