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Economy

Economic Data (USA)

Thursday, May 11, 2017

New Unemployment Insurance Claims for The Week of May 6, 2017

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on May 6, 2017:

Predicted: 244,000
Actual: 236,000

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (unrevised): 238,000
  • 4-Week Moving Average: 243,500
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From today's report:

"...The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 29, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 29 was 1,918,000, a decrease of 61,000 from the previous week's revised level. This is the lowest level for insured unemployment since November 5, 1988 when it was 1,898,000. The previous week's level was revised up 15,000 from 1,964,000 to 1,979,000.

The 4-week moving average was 1,965,500, a decrease of 27,500 from the previous week's revised average. This is the lowest level for this average since February 2, 1974 when it was 1,964,250. The previous week's average was revised up by 3,750 from 1,989,250 to 1,993,000..."

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