Weekly Jobless Claims Increase in the Week Ending February 13, 2021

The U.S. Department of Labor is reporting that an additional 861,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday February 13, 2021 — an increase of 13,000 from the previous week’s revised level. The 4-week moving average was 833,2500, a decrease of 3,500 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims, was 4,494,000 during the week ending February 6, 2021 — a decrease of 64,000 from the previous week’s revised level. The 4-week moving average was 4,881,750, a decrease of 157,500 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.2% for the week ending February 6, 2021, unchanged from the previous week’s revised rate.