<H3>• U.S. Initial Unemployment Claims – 31 May 2014 </H3>

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In the week ending May 31, the advance figure for seasonally adjusted initial claims was 312,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 300,000 to 304,000. The 4-week moving average was 310,250, a decrease of 2,250 from the previous week's revised average. This is the lowest level for this average since June 2, 2007 when it was 307,500. The previous week's average was revised up by 1,000 from 311,500 to 312,500. The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending May 24, unchanged from the previous week's unrevised rate. The highest insured unemployment rates in the week ending May 17 were in Alaska (4.3), Puerto Rico (3.0), California (2.9), New Jersey (2.9), Connecticut (2.8), Pennsylvania (2.8), Nevada (2.6), Illinois (2.5), Massachusetts (2.3), Oregon (2.2), Rhode Island (2.2), and Maryland (2.1). The largest increases in initial claims for the week ending May 24 were in New York (+1,347), Ohio (+966), Wisconsin (+669), Louisiana (+642), and Tennessee (+580), while the largest decreases were in Michigan (-6,683), Kansas (-2,093), Illinois (-1,407), Pennsylvania (-1,249), and California (-1,170). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS

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