Initial Claims Number Down to 312,000 from 313,000; Unemployment Rate Unchanged at 2.0%

The U.S. Department of Labor has posted today the unemployment insurance weekly claims data. According to a statement, for the last week, ending June 7, the initial claims amounted to 312,000, being revised from 313,000. In this way, the 4-week moving average went up 315,250, up by 4,750 from the last week’s revised average. For the previous week, the average also was reviewed up to 310,250 from 310,500.

“There were no special factors impacting this week’s initial claims,” the Department of Labor said.

The seasonally adjusted unemployment rate remained unchanged at 2.0% for the last week of May. The number for insured unemployment amounted to around 2.61 million for the last week of May, up by 11,000 over the week. The 4-week moving average went down to some 2.62 million, from 2.64 million. The level posted for the week ended May 31, was the lowest since November 24, 2007, when it amounted to approximately 2.62 million.

In addition, the U.S. Department of Labor said that the number of people claiming benefits for the week ending May 24, also declined by 66,040 from the previous week, to around 2.45 million. In comparison to the same week of the last year, the number of people claiming benefits was much higher and amounted to 4.51 million.

At the same time, for the week ending May 31, the highest increases in initial claims were in Tennessee and Puerto Rico, up by 949 and 787 respectively. In New Mexico and Washington, the number of claims advanced by 626 and 547 respectively. On the other hand, the largest decreases have been reported by California and New Jersey, down by 1,944 and 1,654 respectively, followed by Pennsylvania and Massachusetts, which posted decreases of 1,416 and 1,152 respectively.

 

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

5 Best States for Golf Adventures

Top 15 Places To Visit Before You Die

10 Most Expensive Smartphones in the World

10 States with Lowest Physician Density

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!