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Unemployment insurance claims rise to highest level since 2021
Seasonally adjusted initial claims climb to 240,000 with significant insured unemployment increase
In a concerning shift, unemployment insurance claims in the United States surged to a seasonally adjusted total of 240,000 during the week ending May 24, 2025. This marks an increase of 14,000 from the previous week's revised figure of 226,000, as reported by the Bureau of Labor Statistics. The uptick indicates a growing trend in joblessness, reaching levels not seen since November 2021.
The four-week moving average of initial claims, which aims to smooth out volatility, saw a slight decrease of 250, settling at 230,750. This marginal dip contrasts with the rising numbers in single-week claims, highlighting the fluctuating nature of current economic conditions.
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Further data showed the insured unemployment rate, which refers to the proportion of the insured labor force currently receiving unemployment benefits, increased by 0.1 percentage point to 1.3% during the week ending May 17. This hike confirms a substantial increase in the insured unemployment figure to 1,919,000, an increment of 26,000 from the previous week's recalculated number.
Related News: Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months
On a non-seasonally adjusted basis, actual initial claims reached 212,506, reflecting a growth of 10,742 (5.3%) from the prior week. Insurance program participants appeared to anticipate a decrease, underscoring a discrepancy between expectations and reality.
The advance unadjusted insured unemployment rate remained steady at 1.2% for the week ending May 17. Meanwhile, the volume under state programs, standing at 1,786,881, mirrored a modest rise of 7,122 claimants compared to the previous week.
Extended benefits program
Notably, no state was compelled to trigger 'on' the Extended Benefits program as of the week ending May 10. Specifically, former federal civilian worker claims increased by 15, totaling 610. Claims from newly discharged veterans also climbed slightly to 374, up by four from the preceding period.
Among states, New Jersey, California, and Washington recorded the highest insured unemployment rates, with New Jersey standing at 2.2%. Conversely, significant seasonal adjustments and fluctuations were evident, as some states like Virginia and Michigan reported notable drops of over 1,000 in claims, largely attributed to fewer layoffs in manufacturing sectors.
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