U.S. Initial Claims Eases in Early January 2021

U.S. initial claims for the week ending January 2 was 787,000, a fall of 3,000 from the previous week’s revised level, according to the Department of Labor press release. The adjusted insured unemployment was 5.072 million during the week ending December 26, down 126,000 from the previous week’s revised level.

• The previous week’s initial claims was revised up by 3,000 from 787,000 to 790,000
• The previous week’s insured unemployment was revised down by 21,000 from 5.219 million to 5.198 million.
• The 4-week initial claims moving average was 818,750, down 18,750 from the previous week’s revised average.
• The 4-week insured unemployment moving average was 5,274,750, down 177,250 from the previous week’s revised average. 
• Unadjusted advance initial claims under state programs was 922,072 for the week ending January 2, up 77,400 from the previous week.

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