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.