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Weekly Initial Unemployment Claims decrease 97,000 to 684,000
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In the week ending March 20, the advance figure for seasonally adjusted initial claims was 684,000, a decrease of 97,000 from the previous week's revised level. The previous week's level was revised up by 11,000 from 770,000 to 781,000. The 4-week moving average was 736,000, a decrease of 13,000 from the previous week's revised average. The previous week's average was revised up by 2,750 from 746,250 to 749,000.
The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending March 13, a decrease of 0.2 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 13 was 3,870,000, a decrease of 264,000 from the previous week's revised level. The previous week's level was revised up 10,000 from 4,124,000 to 4,134,000. The 4-week moving average was 4,120,750, a decrease of 137,250 from the previous week's revised average. The previous week's average was revised up by 2,500 from 4,255,500 to 4,258,000.
Posted: March 25, 2021 Thursday 08:30 AM