Jobless claims in the United States fell by 5,000 in the past week, marking the second straight week of declines.
Source: US Labor Department
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Seasonally adjusted initial claims for the week ending April 23 stood at 180,000, down from the previous week’s upward revised 185,000. The four-week moving average jumped by 2,250 to 179,750 from the previous week’s upward revised average of 177,500.
The insured unemployment rate for the week ending April 16 was 1.0%, unchanged from the previous week. Insured unemployment for the week fell by 1,000 to 1.408 million, the lowest since February 7, 1970’s 1.397 million.
The biggest increases in initial claims for the week were recorded in Connecticut, New Jersey, Rhode Island, Montana, and Maryland. The largest declines were in Missouri, Michigan, New York, Ohio, and Texas.
The four-week moving average of insured unemployment fell by 24,500 to 1.455 million from the previous week’s downward revised 1.479 million.