Initial unemployment claims rise 1,000 in latest report but 4-week average down to lowest level since April 1973

In the week ending May 20, initial unemployment claims were 234,000, an increase of 1,000 from the previous week's revised level.

The 4-week moving average was 235,250, a decrease of 5,750 from the previous week's revised average. This is the lowest level for this average since April 14, 1973 when it was 232,750.