U.S. Jobless Claims Climb Back Above 400,000

Source: US Labor Department

American unemployment claims jumped back to the 400,000 level for the first time in three weeks. DXY is up 0.70%, Gold is down 1.71%.

• Seasonally adjusted initial claims for the week ending June 12. This is the highest since May 22’s 405,000. 
• The previous week’s level was revised lower by 1,000 to 375,000 from 376,000.
• The four-week moving average declined by 8,000 to 395,000. This is the lowest average since March 14, 2020’s 225,500.
• The advance insured unemployment rate for the week ending June 5 was 2.5%, unchanged from the previous week.
• Insured unemployment stood at 3.518 million, up 1,000 from the previous week.
• Insured unemployment averaged 3.603 million in the last four weeks, the lowest since the 2.071 million on March 21, 2020.
• The biggest growths in initial claims for the week were recorded in Illinois, Ohio, Delaware, and Tennessee.
• The largest declines were in Pennsylvania, California, Oklahoma, Texas, and New Jersey.