New Unemployment Insurance Claims for The Week of April 30, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on April 30, 2022:

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Predicted: 180,000

• Actual: 200,000

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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 (revised): 181,000

• 4-Week Moving Average: 188,000

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From Today's Report

• "...The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending April 23, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 23 was 1,384,000, a decrease of 19,000 from the previous week's revised level. This is the lowest level for insured unemployment since January 17, 1970 when it was 1,371,000. The previous week's level was revised down by 5,000 from 1,408,000 to 1,403,000. The 4-week moving average was 1,417,000, a decrease of 36,250 from the previous week's revised average. This is the lowest level for this average since February 21, 1970 when it was 1,409,750. The previous week's average was revised down by 1,750 from 1,455,000 to 1,453,250.
  
  
  The highest insured unemployment rates in the week ending April 16 were in California (2.1), New Jersey (2.1), Alaska (1.9), Minnesota (1.6), New York (1.6), Illinois (1.5), Puerto Rico (1.5), Connecticut (1.4), Massachusetts (1.4), Michigan (1.4), and Rhode Island (1.4). The largest increases in initial claims for the week ending April 23 were in New York (+4,760), Massachusetts (+3,491), Connecticut (+1,045), Georgia (+932), and New Jersey (+888), while the largest decreases were in California (-2,860), Ohio (-2,609), Michigan (-1,887), Washington (-475), and Minnesota (-453)..."
  

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• Click here to view the full Labor Department report

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