Initial jobless claims fell 8,000 to a seasonally adjusted 221,000 for the week ending June 29, the Labor Department reported. The 4-week moving average ticked slightly higher by 500 to 222,250.
|Indicator||Prior||Prior Revised||Consensus Forecast||Forecast Range||Result|
|Initial Jobless Claims||227 K||229 K||220 K||217 K to 225 K||221 K|
The advance seasonally adjusted insured unemployment rate remained unchanged at 1.2% for the week ending June 2. The advance number for seasonally adjusted insured unemployment declined by 8,000 during the week ending June 22 to 1,686,000.
No state was triggered “on” the Extended Benefits program during the week ending June 15.
The highest insured unemployment rates in the week ending June 15 were in Puerto Rico (2.1), Alaska (1.9), New Jersey (1.9), California (1.8), Connecticut (1.8), Pennsylvania (1.7), Illinois (1.5), Massachusetts (1.4), and Rhode Island (1.4).
The largest increases in initial claims for the week ending June 22 were in California (+5,643), New Jersey (+5,580), Massachusetts (+4,660), Connecticut (+3,719), and Maryland (+1,742), while the largest decreases were in Pennsylvania (-947), Illinois (-738), Puerto Rico (-640), Texas (-587), and New York (-504).