- Prior week 213K
- Initial jobs claims 205K vs 215K estimate
- 4 week moving average of initial jobless claims 210.75K versus 211.50K last week.
- Continuing claims 1.857M vs 1.850M estimate. Prior week 1.850M
- 4 week moving average of continuing claims 1.850M versus 1.852M last week
- The largest increases in initial claims for the week ending March 7 were in Missouri (+3,907), Virginia (+1,670),
Pennsylvania (+1,292), California (+911), and Massachusetts (+779), - The largest decreases were in New York
(-14,567), Michigan (-2,549), New Jersey (-616), Connecticut (-471), and Vermont (-468).
REVISION TO SEASONAL ADJUSTMENT FACTORS
Note: This week’s release reflects the annual revision to the weekly unemployment claims seasonal adjustment
factors. The seasonal adjustment factors used for the UI Weekly Claims data from 2021 forward, along with the
resulting seasonally adjusted values for initial claims and continuing claims, have been revised. For more information
regarding the seasonal adjustment methodology, please see the additional information at the end of this news release.
Initial jobless claims are a weekly U.S. Department of Labor report measuring new filings for unemployment benefits, serving as a leading indicator of economic health. the report is released on Thursdays, this data helps analysts track real-time labor market trends and forecast employment rates.
This article was written by Greg Michalowski at investinglive.com.