Initial jobless claims 376K versus 370K estimate. This is the lowest level since March 14, 2020 when the claims came in at 256K
4 week moving average initial jobless claims 402.5 K versus 428K last week. This was the lowest level since March 14, 2021 the four-week average was at 225.5 K.
Continuing claims 3499K versus 3650K estimate
4 week moving average continuing claims 3651.2 5K versus revised 3686.5 K (was 3687.75K).
The largest increases in initial claims for the week ending May 29 were in Pennsylvania (+7,064), Illinois (+4,298),
Kentucky (+3,454), Missouri (+2,744), and Michigan (+1,664),
The largest decreases were in Texas (-3,114),
Oregon (-1,822), Virginia (-1,753), Florida (-1,625), and Washington (-1,577).
During the week ending May 22, 51 states reported 6,347,472 continued weekly claims for Pandemic Unemployment
Assistance benefits and 51 states reported 5,231,952 continued claims for Pandemic Emergency Unemployment