21,000 More Americans Filed for Jobless Claims Last Week

Source: Department of Labor

The total initial claims filed in the US in the week to May 14 stood at 218,000, up by 21,000 from the prior week. DJI is down -0.96%, DXY is down -0.97%.

• On a four-week moving average, US jobless claims climbed by 8,250 to 199,500. The previous week’s jobless claims were revised to 197,000 from 203,000.
• The continuing claims stood at 1.317 million, a decline of 25,000 from the previous week. The claims were at the lowest level since September 27, 2969.
• The initial claims under state programs rose by 12,811 or 6.9% to 198,711. The claims were expected to decline by 3.3% or 6,111.
• The continuing claims under state programs declined by 3.6% or 48,063 to 1.285 million. The claims were expected to fall by 24,149 or 1.8%.
• Initial claims rose the highest in California, Ohio, Texas, Arkansas, and Iowa. The largest declines were in New York, Kentucky, Indiana, Florida, and Massachusetts.