Source US Labor Department
Jobless claims in the United States continued to drop in the past week, marking the lowest level in the last three weeks. DXY is down 0.57%, while Gold is up 1.11%.
- Seasonally adjusted initial claims for the week ending May 21 stood at 200,000, 11,000 lower than the previous week’s upward revised 211,000.
- The four-week moving average was recorded at 206,500 or 500 lower than the previous week’s upward revised average of 207,000.
- The insured unemployment rate for the week ending May 21 was 0.9% or 0.1 percentage points lower than the previous week’s unrevised rate.
- Insured unemployment fell by 24,000 to 1.309 from the previous week’s downward revised 1.343 million.
- This is the lowest reading since December 27, 1969, when it stood at 1.304 million.
- The biggest jumps were in Missouri, Georgia, Mississippi, Texas, and North Carolina.
- The steepest declines were seen in California, Illinois, Kentucky, New York, and Michigan.