According to the US Department of Labor, in the week ending March 5, the advance figure for seasonally adjusted initial claims was 397,000, an increase of 26,000 from the previous week’s revised figure of 371,000. The 4-week moving average was 392,250, an increase of 3,000 from the previous week’s revised average of 389,250.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 3.0% for the week ending February 26, unchanged from the prior week’s unrevised rate of 3.0%.
Advance Seasonally Adjusted Insured Unemployment Decreases
The advance number for seasonally adjusted insured unemployment during the week ending February 26 was 3,771,000, a decrease of 20,000 from the preceding week’s revised level of 3,791,000. The 4-week moving average was 3,833,250, a decrease of 34,750 from the preceding week’s revised average of 3,868,000.