Weekly Jobless Claims Inch Up to 203,000
- May 12, 2022
- Brian Turner
Weekly jobless claims inch up 1,000 to 203,000 in the week ending on May 7. The continuing claims were near the lows last seen in January 1970.
Initial weekly jobless claims rose 1,000 to 203,000 in the week ending May 7.
The Labor Department noted in a press release the seasonally adjusted insured unemployment rate was 1.0% in the week matching the rate in the previous week.
The continuing claims adjusted for seasonal factors at the end of April 30 declined 44,000 from the previous week to 1.343 million, the lowest level since Jan 30, 1970 when it was 1.332 million.
The advance number of actual initial claims under state programs, unadjusted, declined 6,554 from the previous week to 191,803 in the week ending May 7.
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