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Economy

Economic Data (USA)

Friday, May 13, 2022

New Unemployment Insurance Claims for The Week of May 7, 2022

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on May 7, 2022:

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Predicted: 200,000

  • Actual: 203,000
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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): 202,000
  • 4-Week Moving Average: 192,750

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From Today's Report

  • "...The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending April 30, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 30 was 1,343,000, a decrease of 44,000 from the previous week's revised level. This is the lowest level for insured unemployment since January 3, 1970 when it was 1,332,000. The previous week's level was revised up 3,000 from 1,384,000 to 1,387,000. The 4-week moving average was 1,385,000, a decrease of 32,750 from the previous week's revised average. This is the lowest level for this average since January 31, 1970 when it was 1,374,250. The previous week's average was revised up by 750 from 1,417,000 to 1,417,750..."


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