Weekly Jobless Claims Decrease in the Week Ending February 25th

The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 190,000 during the week ending on Saturday, February 25th. This is a decrease of 2,000 from the previous week’s unrevised level of 192,000. The 4-week moving average was 193,000—an increase of 1,750 from the previously week’s unrevised level of 191,250.

The advance number for seasonally adjusted insured unemployment, known as continuing claims, during the week ending on February 18th was 1,665,000. This is a decrease of 5,000 from the previous week’s revised level of 1,660,000 (originally reported as 1,654,000). The 4-week moving average was 1,671,50—an increase of 1,250 from the previous week’s revised level of 1,670,250 (originally reported as 1,668,250).

The advance seasonally adjusted insured unemployment rate was 1.1% for the week ending February 18th, unchanged from the previous week’s unrevised rate.