According to the US Department of Labor, in the week ending March 12, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 16,000 from the previous week’s revised figure of 401,000. The 4-week moving average was 386,250, a decrease of 7,000 from the previous week’s revised average of 393,250.
Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged
The advance seasonally adjusted insured unemployment rate was 3.0% for the week ending March 5, 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 March 5 was 3,706,000, a decrease of 80,000 from the preceding week’s revised level of 3,786,000. The 4-week moving average was 3,779,000 a decrease of 58,000 from the preceding week’s revised average of 3,837,000.