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Monday, July 15, 2024
HomeNewsEconomyJobless Claims Hit Consensus Forecast at 215K for May 25

Jobless Claims Hit Consensus Forecast at 215K for May 25

U.S. initial jobless claims graph on a tablet screen. (Photo: AdobeStock)
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U.S. jobless claims graph on a tablet screen. (Photo: AdobeStock)

Initial jobless claims came in at a seasonally adjusted 215,000 for the week ending May 25, a gain of 3,000 and meeting the consensus forecast. The 4-week moving average decreased by 3,750 from the revised previous average to 216,750.

PriorPrior RevisedConsensus ForecastForecast RangeActual
Initial Jobless Claims211 K212 K215 K210 K — 218 K215 K
4-Week Moving Average220.25 K210 K — 218 K216.75 K

The advance seasonally adjusted insured unemployment rate remained unchanged at a very low 1.2% for the week ending May 18.

The advance number for seasonally adjusted insured unemployment during the week ending May 18 decreased by 26,000 tp 1,657,000. The 4-week moving average came in at 1,672,500, a decrease of 3,500.

No state was triggered “on” the Extended Benefits program during the week ending May 11.

The highest insured unemployment rates in the week ending May 11 were in Alaska (2.2), California (2.0), New Jersey (1.9), Connecticut (1.7), Pennsylvania (1.6), Puerto Rico (1.6), Illinois (1.5), Massachusetts (1.4), Rhode Island (1.4), and Washington (1.4).

The largest increases in initial claims for the week ending May 18 were in Ohio (+4,168), Pennsylvania (+992), Michigan (+850), Texas (+848), and Massachusetts (+678), while the largest decreases were in California (-2,190), Illinois (-1,454), Georgia (-786), Wisconsin (-720), and New York (-677).

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