Weekly Jobless Claims Decline in the Week Ending April 2, 2022

The U.S. Department of Labor is reporting that an additional 166,000 Americans (seasonally adjusted) made their initial filing for unemployment benefits during the week ending on Saturday, April 2, 2022. This is a decrease of 5,000 from the previous week’s revised level. The 4-week moving average was 170,000—a decrease of 8,000 from the previous week’s revised average.

The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending March 26, 2022, was 1,523,000. This is an increase of 17,000 from the previous week’s revised level. The 4-week moving average was 1,541,250—a decrease of 35,250 from the previous week’s revised average.

The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending March 26, 2022, unchanged from the previous week’s unrevised rate.