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First-time jobless claims drop by 5,000

WASHINGTON – In the week ending June 29, the advance figure for seasonally adjusted initial claims was 343,000, a decrease of 5,000 from the previous week’s revised figure of 348,000. The 4-week moving average was 345,500, a decrease of 750 from the previous week’s revised average of 346,250.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending June 22, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 22 was 2,933,000, a decrease of 54,000 from the preceding week’s revised level of 2,987,000. The 4-week moving average was 2,969,250, a decrease of 9,500 from the preceding week’s revised average of 2,978,750.

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