Jobless Claims

In the week ending May 28, the advance figure for seasonally adjusted initial claims was 267,000, a decrease of 1,000 from the previous week’s unrevised level of 268,000. The 4-week moving average was 276,750, a decrease of 1,750 from the previous week’s unrevised average of 278,500.

There were no special factors impacting this week’s initial claims. This marks 65 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

By | 2016-06-07T15:53:06+00:00 June 7th, 2016|Categories: Leading|Tags: , , |0 Comments

About the Author:

Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office. Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license. Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.

Leave A Comment