Weekly Jobless Claims Move Modestly Higher in the Week Ending June 19, 2021

The U.S. Department of Labor is reporting that an additional 411,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday June 19, 2021 — a decrease of 7,000 from the previous week’s revised level. The 4-week moving average was 397,750 — an increase of 1,500 from the previous week’s revised average. The advance number for seasonally adjusted insured unemployment (known as continuing claims) during the week ending June 12, 2021 was 3,390,000 — a decrease of 144,000 from the previous week’s revised level. This is the lowest level for insured unemployment since March 21, 2020 when it was 3,094,000. The 4-week moving average was 3,552,500 — a decrease of 55,250 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 2.4% for the week ending June 12, 2021 — a decrease of -0.1% from the previous week’s unrevised rate.