Weekly Jobless Claims Decline in the Week Ending February 20, 2021

The U.S. Department of Labor is reporting that an additional 730,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, February 20th, 2021. This is a decrease of 111,000 from the previous week’s revised level. The 4-week moving average was 807,750, a decrease of 20,500 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending February 13, 2021 was 4,419,000 — a decrease of 101,000 from the previous week’s revised level. The 4-week moving average was 4,547,000, which is a decrease of 91,500 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.1% for the week ending February 13, 2021, a decrease of 0.1% from the previous week’s unrevised rate.