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Economic Data (USA)

Thursday, March 03, 2022

New Unemployment Insurance Claims for The Week of February 26, 2022

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on February 26, 2022:


Predicted: 220,000

  • Actual: 215,000

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 (revised): 233,000
  • 4-Week Moving Average: 230,500


From Today's Report

"...The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending February 19, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 19 was 1,476,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 1,476,000 to 1,474,000. The 4-week moving average was 1,539,500, a decrease of 36,250 from the previous week's revised average. This is the lowest level for this average since April 4, 1970 when it was 1,516,000. The previous week's average was revised down by 250 from 1,576,000 to 1,575,750.

The highest insured unemployment rates in the week ending February 12 were in Alaska (2.6), California (2.6), New Jersey (2.5), Rhode Island (2.4), Massachusetts (2.3), Minnesota (2.3), New York (2.2), Illinois (2.1), Connecticut (2.0), Montana (1.9), and Pennsylvania (1.9).

The largest increases in initial claims for the week ending February 19 were in Michigan (+3,500), Kansas (+724), Utah (+454), Connecticut (+349), and District of Columbia (+239), while the largest decreases were in Missouri (-6,949), New York (-3,037), Ohio (-2,212), California (-2,182), and Tennessee (-1,959)..."




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