Unemployment Claims Rose by 1.8M Last Week

Washington, DC, June 4, 2020-In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the previous week's revised level, reports the Department of Labor. 

The previous week's level was revised up by 3,000 from 2,123,000 to 2,126,000. The four-week moving average was 2,284,000, a decrease of 324,750 from the previous week's revised average. The previous week's average was revised up by 750 from 2,608,000 to 2,608,750.

The advance seasonally adjusted insured unemployment rate was 14.8% for the week ending May 23, an increase of 0.5 percentage point from the previous week's revised rate.