Department of Labor Reports 203,000 Initial Unemployment Claims For The Week Ending May 7, 2022 - An Increase Of 1,000 From The Previous Week's Revised Upward Level

Details: Last Updated: Thursday, 12 May 2022 05:34; Published: Thursday, 12 May 2022 05:34

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS - SEASONALLY ADJUSTED DATA

May 12, 2022 - In the week ending May 7, the advance figure for seasonally adjusted initial claims was 203,000, an increase of 1,000 from the previous week's revised level. The previous

week's level was revised up by 2,000 from 200,000 to 202,000. The 4-week moving average was 192,750, an increase of 4,250 from the previous week's revised average. The previous week's average was revised up by 500 from 188,000 to 188,500.

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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Source: DOL

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