US: Weekly initial claims was 232,000, a decrease of 4,000 from the previous week

Eren Sengezer FXStreet

In the week ending May 12, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 4,000 from the previous week's unrevised level of 236,000, said the US Department of Labor on Thursday.

Key highlights:

The 4-week moving average was 240,750, a decrease of 2,750 from the previous week's unrevised average of 243,500
The advance number for seasonally adjusted insured unemployment during the week ending May 6 was 1,898,000, a decrease of 22,000 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
The previous week's level was revised up 2,000 from 1,918,000 to 1,920,000. The 4-week moving average was 1,946,000, a decrease of 20,000 from the previous week's revised average

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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