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- U.S initial jobless claims rose more than expected last week
U.S initial jobless claims rose more than expected last week
In the week ending June 23, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 9,000 from the previous week's unrevised level of 218,000. The 4-week moving average was 222,000, an increase of 1,000 from the previous week's unrevised average of 221,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 16, unchanged from the previous week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending June 16 was 1,705,000, a decrease of 21,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 1,723,000 to 1,726,000. The 4-week moving average was 1,719,500, a decrease of 3,750 from the previous week's revised average. This is the lowest level for this average since December 8, 1973 when it was 1,715,500. The previous week's average was revised up by 750 from 1,722,500 to 1,723,250.
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