DOL: Unemployment Insurance Weekly Claims

Thursday, June 8, 2023

Executive Summary:

• The week ending June 3 saw an increase of 28,000 in seasonally adjusted initial unemployment claims, bringing the total to 261,000.

• This figure is the highest since October 30, 2021, when it was 264,000.

• Previous week: Revised upwards by 1,000, from 232,000 to 233,000.

• 4-week moving average: 237,250 (+7,500)

• Advance seasonally adjusted insured unemployment rate: 1.2% week ending May 27 (no change).

• Total number of people on Unemployment Insurance benefits: 1,757,000, a decrease of 37,000 week ending May 27.

• The previous week’s level was revised down by 1,000 from 1,795,000 to 1,794,000.

• 4-week moving average for ongoing claims: 1,784,750, -12,500 from the previous week’s revised average (1,797,250).

Unedited Press Release Text:

In the week ending June 3, the advance figure for seasonally adjusted initial claims was 261,000, an increase of 28,000 from the previous week’s revised level. This is the highest level for initial claims since October 30, 2021 when it was 264,000. The previous week’s level was revised up by 1,000 from 232,000 to 233,000. The 4-week moving average was 237,250, an increase of 7,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 229,500 to 229,750.

The full report is below:

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SOURCE: https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20231287.pdf

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