Weekly Jobless Claims Decline in the Week Ending March 6th, 2021

The U.S. Department of Labor is reporting that an additional 712,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday March 6^th, 2021. A decrease of 42,000 from the previous week’s revised level. The 4-week moving average was 759,000, a decrease of 34,000 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending February 27th, 2021 was 4,144,000 a decrease of 193,000 from the previous week’s revised level. The 4-week moving average was 4,355,000 a decrease of 123,500 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending February 27th, 2021, a decrease of 0.2% from the previous week’s revised rate.