New Unemployment Insurance Claims for The Week of March 5, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on March 5, 2022:

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Predicted: 220,000

• Actual: 227,000

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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): 216,000

• 4-Week Moving Average: 231,250

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From Today's Report

"...The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending February 26, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 26 was 1,494,000, an increase of 25,000 from the previous week's revised level. The previous week's level was revised down by 7,000 from 1,476,000 to 1,469,000. The 4-week moving average was 1,506,500, a decrease of 31,250 from the previous week's revised average. This is the lowest level for this average since March 28, 1970 when it was 1,483,500. The previous week's average was revised down by 1,750 from 1,539,500 to 1,537,750.

The highest insured unemployment rates in the week ending February 19 were in Alaska (2.4), California (2.4), Illinois (2.4), New Jersey (2.4), Rhode Island (2.4), Minnesota (2.3), Massachusetts (2.2), New York (2.2), Michigan (1.8), Montana (1.8), and Pennsylvania (1.8).

The largest increases in initial claims for the week ending February 26 were in Massachusetts (+3,201), Rhode Island (+1,040), District of Columbia (+995), Nevada (+689), and Kansas (+587), while the largest decreases were in Michigan (-9,161), California (-5,412), Florida (-2,182), Ohio (-2,098), and Illinois (-1,777)..."

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• Click here to view the full Labor Department report

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