Jobless claims: Another 553,000 Americans filed new jobless claims last week, ...

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Source: Yahoo! Finance

Jobless claims: Another 553,000 Americans filed new jobless claims last week, declining over the prior week

Emily McCormick·Reporter
Thu, April 29, 2021, 8:31 AM · 3 min read

New weekly jobless claims dropped from the prior week's upwardly revised level to a fresh pandemic-era low last week, with the accelerating pace of COVID-19 vaccinations in the U.S. helping support the labor market's recovery.

The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:

-- Initial jobless claims, week ended April 24: 553,000 vs. 540,000 expected and an upwardly revised 566,000 during the prior week

-- Continuing claims, week ended April 17: 3.660 million vs. 3.590 million expected and a downwardly revised 3.651 million during the prior week

New jobless claims held below 600,000 for a third straight week, dipping to the lowest level since mid-March 2020 before the COVID-19 pandemic dealt a major blow to the U.S. economy. During the comparable week last year, new weekly jobless claims totaled nearly 3.5 million.



Read more: https://finance.yahoo.com/news/weekly-jobless-claims-week-ended-april-24-2021-pandemic-185007904.html

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1. From the source:

https://www.dol.gov/ui/data.pdf

News Release

Connect with DOL at
https://blog.dol.gov

TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, April 29, 2021

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

In the week ending April 24, the advance figure for seasonally adjusted initial claims was 553,000, a decrease of 13,000 from the previous week's revised level. The previous week's level was revised up by 19,000 from 547,000 to 566,000. The 4-week moving average was 611,750, a decrease of 44,000 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week's average was revised up by 4,750 from 651,000 to 655,750.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending April 17, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 17 was 3,660,000, an increase of 9,000 from the previous week's revised level. The previous week's level was revised down by 23,000 from 3,674,000 to 3,651,000. The 4-week moving average was 3,684,000, a decrease of 23,250 from the previous week's revised average. This is the lowest level for this average since March 28, 2020 when it was 3,611,750. The previous week's average was revised down by 5,750 from 3,713,000 to 3,707,250.

{snip}

UNADJUSTED DATA

{snip. Emphasis mine}

The total number of continued weeks claimed for benefits in all programs for the week ending April 10 was 16,559,276, a decrease of 845,874 from the previous week. There were 16,319,176 weekly claims filed for benefits in all programs in the comparable week in 2020.

{snip the rest of the twelve-page news release, until the end}

Weekly Claims Archives
Weekly Claims Data

U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at [phone] (voice) or [phone] (federal relay).

U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 21-772-NAT

Program Contacts:
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