The U.S. Department of Labor is reporting that an additional 185,000 Americans (seasonally adjusted) made their initial filing for unemployment benefits during the week ending on Saturday April 9, 2022. This is an increase of 18,000 from the previous week’s revised level. The 4-week moving average was 172,250—an increase of 2,000 from the previous week’s revised average.
The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending April 2, 2022, was 1,475,000—a decrease of 48,000 from the previous week’s unrevised level of 1,523,000. The 4-week moving average was 1,511,500—a decrease of 29,750 from the previous week’s unrevised average of 1,541,250.
The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending April 2, 2022, 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.