Weekly Jobless Claims Decline Further in the Week Ending November 6, 2021

The U.S. Department of Labor is reporting that an additional 267,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday November 6, 2021 — a decrease of 4,000 from the previous week’s revised level. This is the lowest level for initial job claims since March 14, 2020, when it was 256,00. The 4-week moving average was 278,000 — a decrease of 7,250 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020, when it was 225,500.

The advance number for seasonally adjusted insured unemployment (known as continuing) claims during the week ending October 30, 2021 was 2,160,000 — an increase of 59,000 from the previous week’s revised level. This is the lowest level for insured unemployment since March 14, 2020, when it was 1,770,000. The 4-week moving average was 2,245,000 — a decrease of 110,750 from the previous week’s revised average. This is the lowest level for this average since March 21, 2020, when it was 2,071,750.

The advance seasonally adjusted insured unemployment rate was 1.6% for the week ending October 30, 2021, unchanged from the previous week’s unrevised rate.


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Original Source:
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS