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JUST IN:  Weekly Jobless Claims Rises, Recent Data Show 7.6 Million Americans Receiving Unemployment

In the week ending June 4, the advance figure for seasonally adjusted initial claims was 427,000, an increase of 1,000 from the previous week's revised figure of 426,000. The advance number for seasonally adjusted insured unemployment during the week ending May 28 was 3,676,000, a decrease of 71,000 from the preceding week's revised level of 3,747,000. The 4-week moving average was 3,719,250, a decrease of 29,000 from the preceding week's revised average of 3,748,250. continue reading »