New Unemployment Insurance Claims for The Week of October 16, 2021
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| Jobless Claims |
Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on October 16, 2021:
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Predicted: 285,000
- Actual: 290,000
The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
- Previous Week (unrevised): 296,000
- 4-Week Moving Average: 319,750
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From Today's Report
"...The 4-week moving average was 319,750, a decrease of 15,250 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 [the eve of the COVID-19 pandemic in the USA] when it was 225,500. The previous week's average was revised up by 750 from 334,250 to 335,000..."
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Labels: Coronavirus, COVID-19, COVID19, employment, hard_data, jobless, jobless claims, jobs, labor, layoffs, Pandemic, unemployment
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posted by Steve Brown | 10/21/2021 07:00:00 PM
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