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The www.FedPrimeRate.com Personal Finance Blog and Magazine

Friday, March 08, 2024

New Unemployment Insurance Claims for The Week of March 2, 2024

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on March 2, 2024:


Predicted: 215,000

  • Actual: 217,000

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): 217,000
  • 4-Week Moving Average: 212,250


From Today's Report:

"...The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending February 24, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 24 was 1,906,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised down by 7,000 from 1,905,000 to 1,898,000.

The 4-week moving average was 1,888,250, an increase of 10,250 from the previous week's revised average. This is the highest level for this average since December 11, 2021 when it was 1,888,250. The previous week's average was revised down by 1,750 from 1,879,750 to 1,878,000..."


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