The advance number for seasonally adjusted insured unemployment during the week ending April 29 was 1,918,000, a decrease of 61,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 5, 1988 when it was 1,898,000. The 4-week moving average was 1,965,500, a decrease of 27,500 from the previous week's revised average. This is the lowest level for this average since February 2, 1974 when it was 1,964,250.
Unemployment Claims decreased to 236,000
In the week ending May 6, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of 2,000 from the previous week's unrevised level of 238,000. The 4-week moving average was 243,500, an increase of 500 from the previous week's unrevised average of 243,000. The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 29, unchanged from the previous week's unrevised rate.
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