Weekly Jobless Claims Increase in the Week Ending April 3, 2021

The U.S. Department of Labor is reporting that an additional 744,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, April 3, 2021 — an increase of 16,000 from the previous week’s revised level. The 4-week moving average was 723,750, an increase of 2,500 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending March 27, 2021 was 3,734,000 — a decrease of 16,000 from the previous week’s revised level. This is the lowest level for insured unemployment since March 21, 2020, when it was 3,094,000. The 4-week moving average was 3,862,000 a decrease of 105,750 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 2.6% for the week ending March 27, 2021, unchanged from the previous week’s unrevised rate.