U.S. unemployment claims decline

In the week ending May 29, the advance figure for seasonally adjusted initial unemployment claims in the U.S. was 453,000, a decrease of 10,000 from the previous week’s revised figure. The four-week moving average was 459,000, an increase of 1,750 from the previous week’s revised average.

The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending May 22, unchanged from the prior week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending May 22 was 4.666 million, an increase of 31,000 from the preceding week’s revised level. The four-week moving average was 4.654 million, an increase of 9,750 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 5.124 million.