In the week closing June 26, the adjusted initial unemployment claims were 364,000, a decline of 51,000 from the past week’s revised level.
- The 4-week moving average decreased by 6,000 to 392,750 from the past week. The adjusted insured unemployment rate remained the same at 2.5% for the week closing on June 19.
- The unadjusted initial claims reduced by 9.6% to 359,130 on June 26 from the past week against a seasonal expectation of a 3.2% increase in the initial claims.
- By June 26, 49 US states recorded 115,256 initial claims for Pandemic Unemployment Assistance.
- The highest insured unemployment rates for the week closing June 12 were recorded in Rhode Island, Nevada, Puerto Rico, Connecticut, and California.
The states with the largest increase in initial claims for June 19 were Pennsylvania, Michigan, and Texas as the largest decreases were recorded in Illinois, California, Ohio, Florida, and Georgia.
DJI gains +0.20%
Source: US Department of Labor