DOL Connects with 1 News Release on Unemployment Insurance Claims

WASHINGTON, D.C. – The Department of Labor (DOL) has released its latest data on unemployment insurance claims for the week ending May 18, 2024. The advance figure for seasonally adjusted initial claims was 215,000, a decrease of 8,000 from the previous week’s revised level. The 4-week moving average was 219,750, an increase of 1,750 from the previous week’s revised average.

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 11, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 11 was 1,794,000, an increase of 8,000 from the previous week’s revised level.

Unadjusted Data Shows Decrease in Initial Claims

The unadjusted data also showed a decrease in initial claims, with 192,017 claims filed in the week ending May 18, a decrease of 5,663 (or -2.9 percent) from the previous week. The unadjusted insured unemployment rate remained unchanged at 1.1 percent, with 1,693,844 people claiming unemployment benefits in state programs, an increase of 7,683 (or 0.5 percent) from the previous week.

Continued Weeks Claimed for Benefits Decrease

The total number of continued weeks claimed for benefits in all programs for the week ending May 4 was 1,710,931, a decrease of 57,482 from the previous week. In the comparable week in 2023, there were 1,637,970 weekly claims filed for benefits in all programs.

No State Triggered for Extended Benefits Program

During the week ending May 4, no state was triggered “on” the Extended Benefits program. Additionally, there were 386 initial claims filed for UI benefits by former Federal civilian employees, an increase of 1 from the prior week, and 405 initial claims filed by newly discharged veterans, an increase of 17 from the preceding week.

The full report can be found on the DOL’s blog at https://blog.dol.gov. The materials in this release are embargoed until 8:30 a.m. (Eastern) on Thursday, May 23, 2024.  

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