Weekly Jobless Claims Decline in the Week Ending January 23rd, 2021

The U.S. Department of Labor is reporting that an additional 847,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, January 23^rd. A decrease of 67,000 from the previous week’s revised level. The 4-week moving average was 868,000, an increase of 16,2500 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending  January 16th, 2021 was 4,771,000 a decrease of 203,000 from the previous week’s revised level. The 4-week moving average was 4,998,000 a decrease of 106,750 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.4% for the week ending January 16th, 2021, a decrease of 0.1% from the previous week’s revised rate.