Weekly Jobless Claims Decline– in the Week Ending 25th December 2021

The U.S. Department of Labor is reporting that an additional 198,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday 25^th, 2021. A decrease of 8,000 from the previous week’s revised level. The 4-week moving average was 199,250 a decrease of 7,250 from the previous week’s revised average. This is the lowest level for this average since October 25^th 1969.

The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending December 18^th , 2021, was 1,716,000 a decrease of 140,000 from the previous week’s revised level. This is the lowest level for insured unemployment since March 7^th, 2020, when it was 1,715,000. The 4-week moving average was 1,859,500 a decrease of 59,500 from the previous week’s revised average. This is the lowest level for this average since March 14^th, 2020, when it was 1,730,750.

The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending December 18^th, 2021, a decrease of 0.1% from the previous week’s unrevised rate.