Market Updates
Weekly Jobless Claims Decrease 8,000 to 210,000
Brian Turner
26 May, 2022
New York City
Initial unemployment claims for the week ending on May 14 declined 8,000 to 210,000.
The jobless claims in the previous week were unrevised at 218,000.
The 4-week moving average was 206,750, an increase of 7,250 from the previous week's unrevised average of 199,500.
The Log term unemployed data was was revised higher by 31,000 to 1,346 million during the week ending May 14.
The previous week's level for long term unemployed was revised down by 2,000 from 1,317,000 to 1,315,000.
The 4-week moving average declined 14,250 from the previous week's revised data to 1,347,500.
This is the lowest level for this average since January 17, 1970 when it was 1,340,000.
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