US: Weekly initial jobless claims decreased to 212K from 228K

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According to the weekly data published by the U.S. Department of Labor (DOL), 212,000 citizens applied for unemployment benefits in the week ending May 11. ” The advance number for seasonally adjusted insured unemployment during the week ending May 4 was 1,660,000, a decrease of 28,000 from the previous week’s revised level.” the DOL said in its publication.

“The 4-week moving average was 225,000, an increase of 4,750 from the previous week’s unrevised average of 220,250.”

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