US: Weekly initial claims was 236,000, a decrease of 2,000 from the previous week

Eren Sengezer FXStreet

In the week ending May 6, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of 2,000 from the previous week's unrevised level of 238,000 said the US Department of Labor on Thursday.

Key highlights:

The 4-week moving average was 243,500, an increase of 500 from the previous week's unrevised average of 243,000
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 29, unchanged from the previous week's unrevised rate
The advance number for seasonally adjusted insured unemployment during the week ending April 29 was 1,918,000, a decrease of 61,000 from the previous week's revised level
- This is the lowest level for insured unemployment since November 5, 1988 when it was 1,898,000.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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