The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending May 27, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 27 was 1,917,000, a decrease of 2,000 from the previous week's revised level. The 4-week moving average was 1,914,750, a decrease of 750 from the previous week's revised average. This is the lowest level for this average since January 12, 1974 when it was 1,881,000.
Unemployment Claims down to 245,000
In the week ending June 3, the advance figure for seasonally adjusted initial claims was 245,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 248,000 to 255,000. The 4-week moving average was 242,000, an increase of 2,250 from the previous week's revised average. The previous week's average was revised up by 1,750 from 238,000 to 239,750.
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