According to the US Department of Labor, in the week ending March 2, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 7,000 from the previous week’s revised figure of 347,000. The 4-week moving average was 348,750, a decrease of 7,000 from the previous week’s revised average of 355,750.

Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged

The advance seasonally adjusted insured unemployment rate was 2.4% for the week ending February 23, unchanged from the prior week’s unrevised rate.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance number for seasonally adjusted insured unemployment during the week ending February 23 was 3,094,000, an increase of 3,000 from the preceding week’s revised level of 3,091,000. The 4-week moving average was 3,121,750, a decrease of 37,500 from the preceding week’s revised average of 3,159,250.