Daily News: July 6, 2012

U.S. Jobless Claims Fall Last Week in June

The Labor Department said in the week ending June 30, the advance figure for seasonally adjusted initial claims was 374,000, a decrease of 14,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 385,750, a decrease of 1,500 from the previous week’s revised average of 387,250.

The advance number of actual initial claims under state programs, unadjusted, totaled 367,331 in the week ending June 30, a decrease of 3,129 from the previous week. There were 425,640 initial claims in the comparable week in 2011.

The advance unadjusted insured unemployment rate was 2.5% during the week ending June 23, unchanged from the prior week’s revised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,134,347, an increase of 20,443 from the preceding week. However, a year earlier, the rate was 2.8% and the volume was 3,555,831.

The total number of people claiming benefits in all programs for the week ending June 16 was 5,869,607, a decrease of 20,439 from the previous week.