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Weekly Initial Unemployment Claims Decrease to 200,000

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by Calculated Risk on 6/02/2022 08:34:00 AM

The DOL reported:

In the week ending May 28, the advance figure for seasonally adjusted initial claims was 200,000, a decrease of 11,000
from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 210,000 to 211,000. The
4-week moving average was 206,500, a decrease of 500 from the previous week’s revised average. The previous week’s
average was revised up by 250 from 206,750 to 207,000.
emphasis added

The following graph shows the 4-week moving average of weekly claims since 1971.

Click on graph for larger image.

The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 206,500.

The previous week was revised up.

Weekly claims were lower than the consensus forecast.

Economic Report: U.S. private sector job growth softens in May, ADP data shows

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