US: Initial claims was 222,000, a decrease of 1,000 from the previous week

Eren Sengezer FXStreet

"In the week ending June 2, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 221,000 to 223,000," the U.S. Department of Labor announced on Thursday.

Key takeaways from the original publication

The 4-week moving average was 225,500, an increase of 2,750 from the previous week's revised average.
Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.
The advance number for seasonally adjusted insured unemployment during the week ending May 26 was 1,741,000, an increase of 21,000 from the previous week's revised level.
The 4-week moving average was 1,728,750, a decrease of 13,250 from the previous week's revised average.
- This is the lowest level for this average since December 8, 1973 when it was 1,715,500.

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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