Weekly Jobless Claims Increase in the Week Ending September 11, 2021

The U.S. Department of Labor is reporting that an additional 332,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, September 11, 2021. This is an increase of 20,000 from the previous week’s revised level. The 4-week moving average was 335,750 — a decrease of 4,250 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020, when it was 225,500.

The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending September 4, 2021 was 2,665,000 — a decrease of 187,000 from the previous week’s revised level. This is the lowest level since March 14, 2020, when it was 1,770,000. The 4-week moving average was 2,807,500 — a decrease of 50,000 from the previous week’s revised average. This is the lowest level for this average since March 21, 2020, when it was 2,071,750.

The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending September 4, 2021 — a decrease of -0.2% from the from the previous week’s revised rate.