Jobless claims: Initial filings broke below 400,000 for the first time since March 2020

[mahatmakanejeeves]

1. From the source:

https://www.dol.gov/ui/data.pdf

News Release

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TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, June 3, 2021

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

In the week ending May 29, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 20,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised down by 1,000 from 406,000 to 405,000. The 4-week moving average was 428,000, a decrease of 30,500 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week's average was revised down by 250 from 458,750 to 458,500.

The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending May 22, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 22 was 3,771,000, an increase of 169,000 from the previous week's revised level. The previous week's level was revised down by 40,000 from 3,642,000 to 3,602,000. The 4-week moving average was 3,687,750, an increase of 22,750 from the previous week's revised average. The previous week's average was revised down by 10,000 from 3,675,000 to 3,665,000.

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UNADJUSTED DATA

{snip. Emphasis mine}

The total number of continued weeks claimed for benefits in all programs for the week ending May 15 was 15,435,982, a decrease of 366,178 from the previous week. There were 30,770,615 weekly claims filed for benefits in all programs in the comparable week in 2020.

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Weekly Claims Archives
Weekly Claims Data

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U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 21-998-NAT

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