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US Unemployment Claims Climb for Second Straight Week

May 12, 2022 by Forex Winner Leave a Comment

US Unemployment Claims Climb for Second Straight Week

Source: US Labor Department

Unemployment claims in the United States posted a slight increase, reflecting the second straight week of increases. DXY is up 0.64%, while Gold is down 0.69%.

  • Adjusted initial claims for the week ending May 7 stood at 203,000, reflecting a 1,000 increase from the previous week’s upward revised 202,000.
  • The four-week moving average was recorded at 192,750, up by 4,250 from the previous week’s revised average of 188,500.
  • The insured unemployment rate for the week ending April 30 clocked in at 1.0%, unchanged from the previous week.
  • Insured unemployment declined by 44,000 to 1.343 million, the lowest level since January 3, 1970.
  • The four-week moving average was 1.385 million, 32,750 lower than the previous week’s revised average of 1.417 million.
  • The biggest jumps were in New York, Illinois, Kentucky, Michigan, and New Hampshire.
  • The steepest declines were in Massachusetts, California, New Jersey, Connecticut, and Ohio.

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