Weekly Jobless Claims Increase in the Week Ending March 27, 2021

The U.S. Department of Labor is reporting that an additional 719,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday March 27, 2021. An increase of 61,000 from the previous week’s revised level. The 4-week moving average was 719,000, a decrease of 10,500 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020. The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending March 20, 2021 was 3,794,000 — a decrease of 46,000 from the previous week’s revised level. The 4-week moving average was 3,978,500 — a decrease of 147,250 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 2.7% for the week ending March 20, 2021, unchanged from the previous week’s unrevised rate