Weekly Jobless Claims Move Higher in the Week Ending January 9th, 2021

The U.S. Department of Labor is reporting that an additional 965,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday January 9^th. An increase of 181,000 from the previous week’s revised level. The 4-week moving average was 834,250, an increase of 18,250 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment, known as continuing claims during the week ending 2^nd January 2021 was 5,271,000 an increase of 199,000 from the previous week’s revised level. The 4-week moving average was 5,215,750 a decrease of 59,000 from the previous week’s revised average. The advance seasonally adjusted insured unemployment rate was 3.7% for the week ending 2^nd January 2021, an increase of 0.2% from the previous week’s report.