Unemployment Job Claims Increased Report : 719,000, Claims Filed– An Increase Of 61,000 New Claims

CITY OF WASHINGTON, D.C.(April 1, 2021)—This week’s unemployment claims increased  in the week ending March 27, 2021.  The  advance figure for seasonally adjusted initial claims was 719,000, an increase of 61,000 from the previous week’s revised level. The previous week’s level was revised down by 26,000 from 684,000 to 658,000. The 4-week moving average was 719,000, a decrease of 10,500 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week’s average was revised
down by 6,500 from 736,000 to 729,500<” according to the report.

The U.S. Department of Labor further reported that “the advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending March 20, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 20 was 3,794,000, a decrease of 46,000 from the previous week’s revised level. The previous week’s level was revised down by 30,000 from 3,870,000 to 3,840,000. The 4-week moving average was 3,978,500, a decrease of 147,250 from the previous week’s revised average. The previous week’s average was revised up by 5,000 from 4,120,750 to 4,125,750.”

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The advance number of actual initial claims under state programs, unadjusted, totaled 714,433 in the week ending March 27, an increase of 63,282 (or 9.7 percent) from the previous week. The seasonal factors had expected an increase of 2,177 (or 0.3 percent) from the previous week. There were 5,981,787 initial claims in the comparable week in 2020. In
addition, for the week ending March 27, 52 states reported 237,025 initial claims for Pandemic Unemployment
Assistance.


The advance unadjusted insured unemployment rate was 2.9 percent during the week ending March 20, a decrease of 0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 4,142,940, a decrease of 90,696 (or -2.1 percent) from the preceding week. The seasonal factors had expected a decrease of 43,813 (or -1.0 percent) from the previous week. A year earlier the rate was 2.3 percent and the volume was 3,412,516.

Read the entire report.https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20210599.pdf

Source: DOL

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