US Weekly Jobless Claims Move Lower in the Week Ending March 16th
Unemployment Insurance Weekly Claims
On Thursday, the US Department of Labor reported that the advance figure for seasonally adjusted initial unemployment claims was 210,000 during the week ending Saturday, March 16th. This is a decrease of 2,000 from the previous week’s revised level of 212,000 (originally 209,000). The 4-week moving average was 211,250—an increase of 2,500 from the previous week’s revised average of 208,750 (originally 208,000).
The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending March 9th was 1,807,000. This is an increase of 4,000 from the previous week’s revised total of 1,803,000 (originally 1,811,000). The 4-week moving average was 1,802,250—an increase of 5,000 from the previous week’s revised average of 1,797,250 (originally 1,799,250).
The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending March 9th, unchanged from the previous week’s unrevised rate.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.