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U.S. Unemployment Claims Fall to 712,000

March 11, 2021 by Forex Winner Leave a Comment

U.S. Unemployment Claims Fall to 712,000

U.S. seasonal unemployment claims dropped to 712,000 last week as restrictions across the country were eased, according to data released by the Department of Labor.

  • The previous week’s level was revised higher to 754,000, bringing the four-week average to 759,000 versus the previous week’s average of 793,000.
  • The advance seasonally adjusted insured unemployment rate was 2.9% for the week ending February 27 from previous week’s 3.1%. Insured unemployment during the week ended February 27 was down 193,000 to 4.144 million.
  • Unadjusted initial claims totaled 709,458 in the week ending March 6 versus 200,382 initial claims in the same week last year.
  • Initial claims for unemployment insurance benefits totaled 1,384 in the week ending February 27.
  • Highest insured unemployment rates in the week ending February 20 were in Pennsylvania, Alaska, Nevada, Connecticut, Massachusetts, New York, Rhode Island, the Virgin Islands, California, and Illinois.

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