The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 5, 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 5 was 1,707,000, a decrease of 87,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 1, 1973 when it was 1,692,000. The 4-week moving average was 1,773,750, a decrease of 39,750 from the previous week's revised average. This is the lowest level for this average since December 22, 1973 when it was 1,756,000.
Unemployment Claims increased to 222,000
In the week ending May 12, the advance figure for seasonally adjusted initial claims was 222,000, an increase of 11,000 from the previous week's unrevised level of 211,000. The 4-week moving average was 213,250, a decrease of 2,750 from the previous week's unrevised average of 216,000. This is the lowest level for this average since December 13, 1969 when it was 210,750.
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