Jobless claims - 8:38AM

Jobless claims: In the week ending May 23, the advance figure for seasonally adjusted initial claims was 623,000, a decrease of 13,000 from the previous week's revised figure of 636,000. The 4-week moving average was 626,750, a decrease of 3,000 from the previous week's revised average of 629,750. The advance seasonally adjusted insured unemployment rate was 5.1 percent for the week ending May 16, an increase of 0.1 percentage point from the prior week's unrevised rate of 5.0 percent. The advance number for seasonally adjusted insured unemployment during the week ending May 16 was 6,788,000, an increase of 110,000 from the preceding week's revised level of 6,678,000. The 4-week moving average was 6,608,250, an increase of 123,750 from the preceding week's revised average of 6,484,500. The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.131 million. Full report here.