US Unemployment Claims Retreat to 210,000

Source: US Labor Department

Jobless claims in the United States retreated in the past week, following the increase recorded the week earlier. DXY is down 0.09%, while Gold is down 0.19%.

• Seasonally adjusted initial claims for the week ending May 21 stood at 210,000, reflecting an 8,000 decline from the past week’s unrevised 218,000.
• The four-week moving average climbed by 7,256 to 206,750 from the previous week’s unrevised 199,500.
• The seasonally adjusted insured unemployment rate for the week ending May 14 was 1.0%, or 0.1 percentage points higher than the previous week.
• Insured unemployment for the week was 1.346 million, 31,000 higher than the previous week’s downward revised 1.315 million.
• The four-week moving average was 1.347 million or 14,250 lower than the previous week’s downward revised 1.361 million.
• The biggest increases were in Kentucky, California, Illinois, Ohio, and Florida.
• The largest declines were in Michigan, Georgia, Colorado, Arizona, and the District of Columbia.