U.S. unemployment claims fall sharply

In the week ending May 15, the advance figure for seasonally adjusted initial unemployment claims in the U.S. was 471,000, an increase of 25,000 from the previous week’s revised figure. The four-week moving average was 453,500, an increase of 3,000 from the previous week’s unrevised average.

The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending May 8, unchanged from the prior week’s unrevised rate of 3.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending May 8 was 4,625 million, a decrease of 40,000 from the preceding week’s revised level. The four-week moving average was approximately 4.64 million, a decrease of 9,500 from the preceding week’s revised average.

The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.146 million.

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