The U.S. Department of Labor is reporting that an additional 180,000 Americans (seasonally adjusted) made their initial filing for unemployment benefits during the week ending on Saturday, April 23, 2022. This is a decrease of 5,000 from the previous week’s revised level. The 4-week moving average was 179,750—an increase of 2,250 from the previous week’s revised average.
The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending April 16, 2022, was 1,408,000—a decrease of 1,000 from the previous week’s revised level. This is the lowest level for insured unemployment since February 7, 1970, when it was 1,397,000. The 4-week moving average was 1,455,000—a decrease of 24,500 from the previous week’s revised average. This is the lowest level for this average since March 14, 1970, when it was 1,435,250.
The advance seasonally adjusted insured unemployment rate was 1.0% for the week ending April 16, 2022, unchanged from the previous week’s unrevised rate.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.