Today’s increase in the WEI for the week of May 9 was driven by a decrease in initial unemployment insurance (UI) claims and increases in fuel sales and electricity output. These factors more than offset a decrease in payroll withholdings and unchanged rail traffic. The upward revision to the WEI for the week of May 2 reflects a decrease in continuing UI claims, which may be due to some workers claiming benefits from pandemic relief programs instead of state programs.
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