© 2024 Blaze Media LLC. All rights reserved.
Yes, it's time for another weekly unemployment benefits update.
Applications for jobless benefits increased by 18,000 for the week ending June 15, bringing the total to 354,000, up from last week’s revised figure of 336,000, the Labor Department announced on Thursday.
The four-week moving average, a “less volatile” figure, went upby 2,500, bringing the total to 348,250, up from the previous average of 345,750.
Applications have fallen by at least six percent since January.
“The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending June 8, unchanged from the prior week's unrevised rate,” the report reads.
“The advance number for seasonally adjusted insured unemployment during the week ending June 8 was 2,951,000, a decrease of 40,000 from the preceding week's revised level of 2,991,000. The 4-week moving average was 2,978,750, an increase of 7,000 from the preceding week's revised average of 2,971,750,” it adds.
The states with the largest increases in initial claims for the week ending June 8 were Pennsylvania (+5,214), Illinois (+3,364), Texas (+3,007), Georgia (+2,937), and Ohio (+2,326).
Meanwhile, California (-1,209), Kansas (-404), Nebraska (-314), Missouri (-212), and Montana (-202) posted the biggest decreases in initial claims.
Stocks have a bit of a way to go before they can recover from yesterday’s Bernanke Shock:
--
Follow Becket Adams (@BecketAdams) on Twitter
Featured image Getty Images
Want to leave a tip?
We answer to you. Help keep our content free of advertisers and big tech censorship by leaving a tip today.
Want to join the conversation?
Already a subscriber?
more stories
Sign up for the Blaze newsletter
By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.
© 2024 Blaze Media LLC. All rights reserved.
Get the stories that matter most delivered directly to your inbox.
By signing up, you agree to our Privacy Policy and Terms of Use, and agree to receive content that may sometimes include advertisements. You may opt out at any time.