According to the US Department of Labor, in the week ending March 6, the advance figure for seasonally adjusted initial claims was 462,000, a decrease of 6,000 from the previous week’s revised figure of 468,000. The 4-week moving average was 475,500, an increase of 5,000 from the previous week’s revised average of 470,500.
The advance seasonally adjusted insured unemployment rate was 3.5% for the week ending February 27, unchanged from the prior week’s unrevised rate of 3.5%.
The advance number for seasonally adjusted insured unemployment during the week ending Feb. 27 was 4,558,000, an increase of 37,000 from the preceding week’s revised level of 4,521,000. The 4-week moving average was 4,581,000, unchanged from the preceding week’s revised average of 4,581,000.
The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.170 million.