Jobless Claims Continue to Improve as Recovery Moves Forward

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The Labor Department reported that 353,000 Americans have filed new claims for state unemployment benefits. This is the lowest level for initial claims since March 14, 2020, when it was 256,000. This nearly estimates from economists surveyed by Dow Jones, which was 355,000. The previous week’s level was revised up by 1,000 from 348,000 to 349,000. The four-week moving average was 366,500, a decrease of 11,500 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week’s average was revised up by 250 from 377,750 to 378,000.

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