Unemployment Insurance Weekly Claims Report

In the week ending May 10, the advance figure for seasonally adjusted initial claims was 297,000, a decrease of 24,000 from the previous week’s revised level. This is the lowest level for initial claims since May 12, 2007 when they were 297,000. The previous week’s level was revised up by 2,000 from 319,000 to 321,000. The 4-week moving average was 323,250, a decrease of 2,000 from the previous week’s revised average. The previous week’s average was revised up by 500 from 324,750 to 325,250.

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