In the week ending June 12, the weekly unemployment insurance claims increased by 37,000 to 412,000.
- The 4-week moving average of the claims reduced by 8,000 to 395,000 compared to the previous week average of 403,000. The adjusted unemployment rate remained the same at 2.5% for the week ending June 5, from the past week.
- The numbers for the insured unemployment rate in the week ending June 5 was 3,518,000, accounting for a 1,000 increase in the revised figures in the previous week. The 4-week average of insured unemployment reduced by 55,000 to 3,603,750, the lowest average in the last 12 months.
- The states with the highest insured unemployment rate for the week closing May 29 are Nevada, Rhode Island, Alaska, Pennsylvania, and California.
States that recorded huge increases in initial claims for week closing June 5 are Illinois, Ohio, Delaware, and Tennessee.
DJI dips -0.31
Source: U.S. Department of Labor.