U.S. Adds 1.48M Jobless Claims in Third Week of June

Washington, DC, June 25, 2020-In the week ending June 20, the advance figure for seasonally adjusted initial claims was 1,480,000, a decrease of 60,000 from the previous week's revised level. 

The previous week's level was revised up by 32,000 from 1,508,000 to 1,540,000. The four-week moving average was 1,620,750, a decrease of 160,750 from the previous week's revised average. The previous week's average was revised up by 8,000 from 1,773,500 to 1,781,500.

The advance seasonally adjusted insured unemployment rate was 13.4% for the week ending June 13, a decrease of 0.5 percentage point from the previous week's revised rate. The previous week's rate was revised down by 0.2 from 14.1% to 13.9%. The advance number for seasonally adjusted insured unemployment during the week ending June 13 was 19,522,000, a decrease of 767,000 from the previous week's revised level. The previous week's level was revised down by 255,000 from 20,544,000 to 20,289,000. The four-week moving average was 20,421,250, a decrease of 329,750 from the previous week's revised average. The previous week's average was revised down by 63,750 from 20,814,750 to 20,751,000.