US Weekly Jobless Claims Decrease in the Week Ending March 11th

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 192,000 during the week ending on Saturday, March 11th. This is a decrease of 20,000 from the previous week’s revised level of 212,000 (originally reported as 211,000). The 4-week moving average was 196,500—a decrease of 750 from the previously week’s revised level of 197,250 (originally reported as 197,000).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending March 4th was 1,684,000. This is a decrease of 29,000 from the previous week’s revised level of 1,713,000 (originally reported as 1,718,000). The 4-week moving average was 1,676,500—a decrease of 1,750 from the previous week’s revised level of 1,678,250 (originally reported as 1,679,500).

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending February 25th, unchanged from the previous week’s unrevised rate.