Weekly Jobless Claims Decline Slightly in the Week Ending January 16th, 2021

The U.S. Department of Labor is reporting that an additional 900,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday January 16^th. A decrease of 26,000 from the previous week’s revised level. The 4-week moving average was 848,000, an increase of 23,500 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending 9th January 2021 was 5,054,000 a decrease of 127,000 from the previous week’s revised level. The 4-week moving average was 5,126,250 a decrease of 67,000 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.6% for the week ending 9^th January 2021, unchanged from the previous week’s revised report.