Unemployment Claims decreased to 264,000
In the week ending June 4, the advance figure for seasonally adjusted initial claims was 264,000, a decrease of 4,000 from the previous week's revised level. The 4-week moving average was 269,500, a decrease of 7,500 from the previous week's revised average. This marks 66 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.5% for the week ending May 28, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 28 was 2,095,000, a decrease of 77,000 from the previous week's unrevised level of 2,172,000. This is the lowest level for insured unemployment since October 21, 2000 when it was 2,082,000.
Euro is currently being traded few points above 1.1320 level, Sterling is around 1.4480 handle, while Aussie is at 0.7420 area.
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