U.S. jobless claims settle just above 200,000 mark

[mahatmakanejeeves]

Source: MarketWatch

Economic Report

U.S. jobless claims settle just above 200,000 mark

Last Updated: May 12, 2022 at 8:42 a.m. ET
First Published: May 12, 2022 at 8:07 a.m. ET
By Greg Robb

Claims up 1,000 to 203,000 in week ending May 7

The numbers: Initial jobless claims rose 1,000 to 203,000 in the week ended May 7, the Labor Department said Thursday.

Economists polled by The Wall Street Journal had estimated new claims would fall to 194,000.

Claims rose by a revised 21,000 to 202,000 in the prior week. That’s the biggest weekly increase since last July.

Key details: The number of people already collecting jobless benefits fell by 44,000 to 1.34 million in the week ended April 30. This is the lowest level since early 1970.

Read more: https://www.marketwatch.com/story/coming-up-jobless-claims-for-first-week-of-may-11652357230

[mahatmakanejeeves]

1. From the source:

https://www.dol.gov/ui/data.pdf

News Release

Connect with DOL at
https://blog.dol.gov

TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, May 12, 2022

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

In the week ending May 7, the advance figure for seasonally adjusted initial claims was 203,000, an increase of 1,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 200,000 to 202,000. The 4-week moving average was 192,750, an increase of 4,250 from the previous week's revised average. The previous week's average was revised up by 500 from 188,000 to 188,500.

The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending April 30, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 30 was 1,343,000, a decrease of 44,000 from the previous week's revised level. This is the lowest level for insured unemployment since January 3, 1970 when it was 1,332,000. The previous week's level was revised up 3,000 from 1,384,000 to 1,387,000. The 4-week moving average was 1,385,000, a decrease of 32,750 from the previous week's revised average. This is the lowest level for this average since January 31, 1970 when it was 1,374,250. The previous week's average was revised up by 750 from 1,417,000 to 1,417,750.

{snip}

UNADJUSTED DATA

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The total number of people claiming benefits in all programs for the week ending April 23 was 1,440,324, a decrease of 38,030 from the previous week. There were 16,848,931 persons claiming benefits in all programs in the comparable week in 2021.

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Weekly Claims Archives
Weekly Claims Data

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Release Number: USDL 22-880-NAT

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