US jobless claims total 231,000 last week

[mahatmakanejeeves]

Last edited Thu Jun 30, 2022, 03:19 PM - Edit history (1)

Source: Yahoo! Finance

Yahoo Finance

US jobless claims total 231,000 last week

Alexandra Semenova · Reporter
Thu, June 30, 2022, 8:35 AM·2 min read

Initial jobless claims ticked down last week, but were marginally higher than forecast, as investors continue to assess the labor market for potential signs of a slowdown.

First-time filings for unemployment insurance in the U.S. totaled 231,000 for the week ended June 25, falling slightly from the prior week's upwardly revised 233,000, the Department of Labor said Thursday. Economists surveyed by Bloomberg had expected the latest reading to come in at 230,000.

The 4-week moving average, which smooths out some weekly volatility in the data, was 231,750, an increase of 7,250 from the previous week's revised average, per the Labor Department.

Claims filed last week held near a five-month high but continue to show the labor market remains hot, even as tighter monetary conditions and persistent inflation raise worries that unemployment may spike.

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Read more: https://finance.yahoo.com/news/jobless-claims-june-30-2022-123546658.html

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[mahatmakanejeeves]

1. From the source:

Last edited Thu Jul 7, 2022, 08:52 AM - Edit history (1)

https://oui.doleta.gov/press/2022/063022.pdf

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, June 30, 2022

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

In the week ending June 25, the advance figure for seasonally adjusted initial claims was 231,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 229,000 to 233,000. The 4-week moving average was 231,750, an increase of 7,250 from the previous week's revised average. The previous week's average was revised up by 1,000 from 223,500 to 224,500.

The advance seasonally adjusted insured unemployment rate was 0.9 percent for the week ending June 18, a decrease of 0.1 percentage point from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 0.9 to 1.0 percent. The advance number for seasonally adjusted insured unemployment during the week ending June 18 was 1,328,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up 16,000 from 1,315,000 to 1,331,000. The 4-week moving average was 1,319,500, an increase of 5,500 from the previous week's revised average. The previous week's average was revised up by 4,000 from 1,310,000 to 1,314,000.

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UNADJUSTED DATA

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The total number of continued weeks claimed for benefits in all programs for the week ending June 11 was 1,314,265, an increase of 17,678 from the previous week. There were 14,657,642 weekly claims filed for benefits in all programs in the comparable week in 2021.

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Weekly Claims Archives
Weekly Claims Data

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U.S. Department of Labor
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Release Number: USDL 22-1427-NAT

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