Market Updates
Weekly Initial Jobless Claims Fell to 180,000
Brian Turner
28 Apr, 2022
New York City
Seasonally adjusted jobless claims declined last week to 180,000, in the week ending on April 23.
The initial clams declined 5,000 from the previous week's revised claims up 1,000 to 185,000.
The 4-week moving average was 179,750, an increase of 2,250 from the previous week's revised average.
The previous week's average was revised up by 250 from 177,250 to 177,500.
The advance seasonally adjusted insured unemployment rate was 1.0% for the week ending April 16, unchanged from the previous week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending April 16 fell 1,000 to 1,408,000.
This is the lowest level for insured unemployment since February 7, 1970 when it was 1,397,000.
The previous week's level was revised down by 8,000 from 1,417,000 to 1,409,000.
The 4-week moving average was revised lower 24,500 to 1,455,000. This is the lowest level for this average since March 14, 1970 when it was 1,435,250.
The previous week's average was revised down by 2,250 from 1,481,750 to 1,479,500.
The advance number of actual initial claims under state programs, unadjusted, totaled 202,983 in the week ending April 23, an increase of 5,005 (or 2.5 percent) from the previous week.
There were 611,236 initial claims in the comparable week in 2021.
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