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

The U.S. Department of Labor is reporting that an additional 770,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday March 13, 2021 — an increase of 45,000 from the previous week’s revised level. The 4-week moving average was 746,250, a decrease of 16,000 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending 6th March 2021 was 4,124,000 a decrease of 18,000 from the previous week’s revised level. The 4-week moving average was 4,255,500 a decrease of 99,000 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.0% for the week ending 6th March 2021, an increase of 0.1% from the previous week’s revised rate.