The number of seasonally adjusted initial jobless claims in the United States saw a weekly decline of 10,000 to 222,000 in the seven days ending May 11, the Department of Labor revealed in its report published on Thursday.
The 4-week moving average grew by 2,500 to hit 217,750. The advance seasonally adjusted insured unemployment rate stood at 1.2% for the week ending April 27, matching the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the same seven-day period went up by 13,000 to 1,794,000. Meanwhile, the 4-week moving average declined by 750 to 1,779,250.
