Weekly Jobless Claims Move Lower in the Week Ending April 16, 2022

The U.S. Department of Labor is reporting that an additional 184,000 Americans (seasonally adjusted) made their initial filing for unemployment benefits during the week ending on Saturday, April 16, 2022. This is a decrease of 2,000 from the previous week’s revised level. The 4-week moving average was 177,250, an increase of 4,500 from the previous week’s revised average.

The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending April 9, 2022, was 1,417,000—a decrease of 58,000 from the previous week’s unrevised level of 1,475,000. This is the lowest level for insured unemployment since February 21, 1970, when it was 1,412,000. The 4-week moving average was 1,481,750, a decrease of 31,250 from the previous week’s revised average. This is the lowest level for this average since March 21, 1970, when it was 1,456,750.

The advance seasonally adjusted insured unemployment rate was 1.0% for the week ending April 9, 2022, a decrease of 0.1% from the previous week’s unrevised rate.