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Unemployment insurance weekly claims
In the week ending May 29, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 20,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised down by 1,000 from 406,000 to 405,000. The 4-week moving average was 428,000, a decrease of 30,500 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week's average was revised down by 250 from 458,750 to 458,500. The advance seasonally adjusted insured ... (full story)
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Weekly jobless claims total 385,000, vs 393,000 estimate
Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic as the labor market continues to recover, the Labor Department reported Thursday. Initial claims fell to 385,000 for the week ended May 29, a decline from the previous week’s 405,000 and below the Dow Jones estimate of 393,000. The last time claims were lower was the week of March 14, 2020, with 256,000. The number spiked to nearly 3 million the following week and peaked at more than 6.1 million in early April as governments across the U.S. shut down businesses in an effort to slow the coronavirus spread. As ... (full story)
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