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Unemployment Insurance Weekly Claims
In the week ending May 6, the advance figure for seasonally adjusted initial claims was 264,000, an increase of 22,000 from the previous week's unrevised level of 242,000. This is the highest level for initial claims since October 30, 2021 when it was 264,000. The 4-week moving average was 245,250, an increase of 6,000 from the previous week's unrevised average of 239,250. This is the highest level for this average since November 20, 2021 when it was 249,250. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending April 29, unchanged from the previous week's unrevised rate. The ... (full story)
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More Americans File for Jobless Claims, but Job Market Remains Healthy
The number of Americans filing for jobless claims last week rose to its highest level in four months, though the labor market remains healthy by historical standards. Applications for unemployment benefits for the week ending May 6 rose by 22,000 to 264,000, the Labor Department reported Thursday. That's up from the previous week's 242,000 and the highest since January 14. The weekly claims numbers are seen as representative of the number of U.S. layoffs. The four-week moving average of claims, which evens out some of the weekly volatility, rose by 6,000 to 245,250. For the week of April 29, the total number of ... (full story)