New Unemployment Insurance Claims for The Week of October 16, 2021

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

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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 (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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• Click here to view the full Labor Department report

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