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

June 17, 2021 by Forex Winner Leave a Comment

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.

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