Vision Payroll

According to the US Department of Labor, in the week ending July 4, the advance figure for seasonally adjusted initial claims was 565,000, a decrease of 52,000 from the previous week’s revised figure of 617,000. The 4-week moving average was 606,000, a decrease of 10,000 from the previous week’s revised average of 616,000.

The advance seasonally adjusted insured unemployment rate was 5.1% for the week ending June 27, an increase of 0.1 percentage points from the prior week’s unrevised rate of 5.0%.

The advance number for seasonally adjusted insured unemployment during the week ending June 27 was 6,883,000, an increase of 159,000 from the preceding week’s revised level of 6,724,000. The 4-week moving average was 6,769,000, an increase of 12,000 from the preceding week’s revised average of 6,757,000.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.421 million.