U.S. ‘ jobless claims for the week ending June 12 went up by 37,000 to reach 412,000 compared to the previous week according to U.S. Department of Labor Press Release.
- In the previous week the levels were revised down by 1,000 from 376,000 to 375,000. The reduction was lowest for the average since March 14, 2020 when it was 225,500 with the previous week’s average going up by 500 to 403,000 from 402,500.
- Advance seasonally adjusted insured unemployment rate was 2.5% for the week ending on June 5, mimicking the previous week’s unrevised rate.
- Seasonally adjusted insured unemployment number during the week ending on June 5 was 3,518,000, an additional 1000 from the previous week’s revised average.
- In the previous week, the number went up by 18,000 to 3,517,000 from 3,499,000.
- The 4-week moving average was 3,603,750, a decline of 55,000 from the previous week’s revised average, the lowest for the average since March 21, 2020 when it was 2,071,750.
In the week ending May 29, 51 states recorded 6,120,596 continued weekly claims for Pandemic Unemployed Assistance benefits, the same number of states reporting 5,157,445 continued claims for Pandemic Emergency Unemployment. SPY is down 0.24%, DXY is up 0.93%