US Weekly Jobless Claims Increase for the Week Ending April 15th

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 245,000 during the week ending on Saturday, April 15th. This is an increase of 5,000 from the previous week’s revised level of 240,000 (originally reported as 239,000). The 4-week moving average was 239,750—a decrease of 500 from the previous week’s revised level of 240,250 (originally reported as 240,000).

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending April 8th was 1,865,000. This is an increase of 61,000 from the previous week’s revised level of 1,804,000 (originally reported as 1,810,00) and the highest level of insured unemployment since November 27, 2021. The 4-week moving average was 1,827,250—an increase of 15,250 from the previous week’s revised level of 1,812,000 (originally reported as 1,813,500) and the highest level for this average since December 18, 2021, when it was 1,838,000.

The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending April 8th, an increase of 0.1% from the previous week’s unrevised rate of 1.2%.