US weekly jobless claims post largest rise in 5 months; labor market still tight

[mahatmakanejeeves]

7. From the source:

https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20230463.pdf

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

News Release

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TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, March 9, 2023

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

In the week ending March 4, the advance figure for seasonally adjusted initial claims was 211,000, an increase of 21,000 from the previous week's unrevised level of 190,000. The 4-week moving average was 197,000, an increase of 4,000 from the previous week's unrevised average of 193,000.

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending February 25, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 25 was 1,718,000, an increase of 69,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 1,655,000 to 1,649,000. The 4-week moving average was 1,679,500, an increase of 9,500 from the previous week's revised average. The previous week's average was revised down by 1,500 from 1,671,500 to 1,670,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 237,513 in the week ending March 4, an increase of 35,357 (or 17.5 percent) from the previous week. The seasonal factors had expected an increase of 11,791 (or 5.8 percent) from the previous week. There were 219,875 initial claims in the comparable week in 2022.

{snip}

The total number of continued weeks claimed for benefits in all programs for the week ending February 18 was 1,920,603, a decrease of 38,441 from the previous week. There were 1,909,028 weekly claims filed for benefits in all programs in the comparable week in 2022.

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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 23-463-NAT

Program Contacts:
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