Weekly Jobless Claims Decline in the Week Ending April 17, 2021

The U.S. Department of Labor is reporting that an additional 547,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday April 17, 2021 — a decrease of 39,000 from the previous week’s revised level. This is the lowest level of initial claims since March 14, 2020. The 4-week moving average was 651,000 — a decrease of 27,750 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending April 10, 2021 was 3,674,000
— a decrease of 34,000 from the previous week’s revised level. This is the lowest level for insured unemployment since March 21, 2020, when it was 3,09,000. The 4-week moving average was 3,713,000 — a decrease of 41,750 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 2.6% for the week ending 10th April 2021 — a decrease of 0.1% from the previous week’s unrevised rate.