Weekly Jobless Claims Increase in the Week Ending March 20, 2021

The U.S. Department of Labor is reporting that an additional 684,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday March 20, 2021 — an increase of 97,000 from the previous week’s revised level. The 4-week moving average was 736,000, a decrease of 13,000 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment — known as continuing claims — during the week ending March 13, 2021 was 3,870,000 a decrease of 264,000 from the previous week’s revised level. The 4-week moving average was 4,120,750 a decrease of 137,250 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 2.7% for the week ending March 13, 2021, a decrease of 0.2% from the previous week’s unrevised rate