New Unemployment Insurance Claims for The Week of May 28, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on May 28, 2022:

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Predicted: 210,000

• 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): 211,000

• 4-Week Moving Average: 206,500

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From Today's Report

"...The advance seasonally adjusted insured unemployment rate was 0.9 percent for the week ending May 21, a decrease 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 21 was 1,309,000, a decrease of 34,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 27, 1969 when it was 1,304,000. The previous week's level was revised down by 3,000 from 1,346,000 to 1,343,000. The 4-week moving average was 1,327,250, a decrease of 19,500 from the previous week's revised average. This is the lowest level for this average since January 10, 1970 when it was 1,310,250. The previous week's average was revised down by 750 from 1,347,500 to 1,346,750..."

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• Click here to view the full Labor Department report

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