Thursday, May 12, 2016

Weekly Unemployment Claims: Initial and Continued May12 2016

Today’s jobless claims report showed a notable increase to both initial and continued unemployment claims as seasonally adjusted initial claims remained just below the 300K level.

Seasonally adjusted “initial” unemployment claims jumped by a whopping 20,000 to 294,000 claims while seasonally adjusted "continued" unemployment claims increased by 37,000 to 2.161 million resulting in an “insured” unemployment rate of 1.6%.