Weekly Jobless Claims Climb Higher in the Week Ending December 19th, 2020

The U.S. Department of Labor is reporting that an additional 803,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, December 19th. A decrease of 89,000 from the previous week’s revised level. The 4-week moving average was 818,250, an increase of 4,000 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending December 12th was 5,337,000, a decrease of 170,000 from the previous week’s revised level. The 4-week moving average was 5,538,000 a decrease of 188,000 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.6% for the week ending December 12th a decline of -0.2 of a percentage point from the previous week’s revised averages.