US Weekly Jobless Claims Decrease for the Week Ending January 21st

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 186,000 during the week ending on Saturday, January 21, 2023. This is a decrease of 6,000 from the previous week’s revised level of 192,000 (originally reported as 190,000). The 4-week moving average was 197,500—a decrease of 9,250 from the previously week’s revised level of 206,750 (originally reported as 206,000).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending January 14, 2023, was 1,675,000. This is an increase of 20,000 from the previous week’s revised level of 1,655,000 (originally reported as 1,647,000). The 4-week moving average was 1,664,250—a decrease of 10,750 from the previous week’s revised level of 1,675,000 (originally reported as 1,673,000).

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending January 14, 2023, an increase of 0.1% from the previous week’s unrevised rate.