U.S. Jobless Claims Dip for Third Week

June 4, 2009
621,000 new claims filed

New claims for U.S. unemployment benefits fell for the third consecutive week, the government said on June 4 amid signs that the brutal recession gripping the economy is easing.

The Labor Department said that the the number of initial claims for jobless benefits in the week ending May 30 dipped to 621,000 from the previous week's revised figure of 625,000.

The weekly initial claims data, a snapshot on the labor market, has shown new claims above the 600,000 level for three months but is down from a peak of 674,000 in late March.

The four-week moving average was 631,250, an increase of 4,000 from the previous week's revised average of 627,250, the Labor Deparment said.

It added that the insured unemployment rate was 5% for the week ending May 23, unchanged from the prior week's revised rate. That meant the number collecting jobless benefits during that week was 6.735 million, a decrease of 15,000 from the preceding week's revised level of 6,75 million.

Copyright Agence France-Presse, 2009

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!