Weekly US initial jobless claims and continuing claims
- Prior week initially reported at 498K revised to 507K
- Initial jobless claims 473K. The lowest reading since the start of the pandemic
- 4-week moving average of initial jobs claims 534K versus last week’s 562.25K (revised)
- Continuing claims 3655K vs 3650K estimate. Prior week revised to 3700K versus 3690K previously reported
- 4-week moving average of continuing claims 3665K vs 3678.25K last week.
- During the week ending April 24, 51 states reported 7,283,703 continued weekly claims for Pandemic Unemployment
Assistance benefits and 51 states reported 5,265,193 continued claims for Pandemic Emergency Unemployment
- The largest increases in initial claims for the week ending May 1 were in Kentucky (+4,714), New Jersey (+2,002),
Delaware (+1,294), Vermont (+1,142), and Puerto Rico (+824),
- The largest decreases were in Virginia (-25,125),
New York (-9,533), Florida (-8,252), California (-7,840), and Oklahoma (-6,392).
The claims are the lowest since March 14, 2020 when it was at 256K. Nevertheless the number is still at relatively high levels historically.