Weekly Jobless Claims Inches Higher in the Week Ending December 12th, 2020

The U.S. Department of Labor is reporting that an additional 885,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, December 12^th. An increase of 23,000 from the previous week’s revised level. The 4-week moving average was 812,000, an increase of 34,250 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending December 5th was 5,726,250, a decrease of 273,000 from the previous week’s revised level. The 4-week moving average was 5,726,250 a decrease of 215,500 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.9% for the week ending December 5th a decline of -0.1 from the previous week’s revised averages.