Weekly Jobless Claims Decline in the Week Ending February 26, 2022

The U.S. Department of Labor is reporting that an additional 215,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, February 26, 2022. This is a decrease of 18,000 from the previous week’s revised level. The 4-week moving average was 230,500—a decrease of 6,000 from the previous week’s revised average.

The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending February 19, 2022, was 1,476,000—an increase of 2,000 from the previous week’s revised level. The 4-week moving average was 1,539,500—a decrease of 36,250 from the previous week’s revised average. This is the lowest level for this average since April 4, 1970, when it was 1,516,000.

The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending February 19, 2022. This is unchanged from the previous week’s unrevised rate.