Weekly Preliminary Unemployment Claims at 553,000

by Calculated Danger on 4/29/2021 08:39:00 AM The DOL reported: Within the week ending April 24, the advance determine for seasonally adjusted preliminary claims was 553,000, a lower of 13,000 from the earlier week’s revised stage. The earlier week’s stage was revised up by 19,000 from 547,000 to 566,000. The 4-week shifting common was 611,750,


by Calculated Danger on 4/29/2021 08:39:00 AM

The DOL reported:

Within the week ending April 24, the advance determine for seasonally adjusted preliminary claims was 553,000, a lower of 13,000
from the earlier week’s revised stage. The earlier week’s stage was revised up by 19,000 from 547,000 to 566,000.
The 4-week shifting common was 611,750, a lower of 44,000 from the earlier week’s revised common. That is the
lowest stage for this common since March 14, 2020 when it was 225,500. The earlier week’s common was revised up by
4,750 from 651,000 to 655,750.
emphasis added

This doesn’t embody the 121,749 preliminary claims for Pandemic Unemployment Help (PUA) that was down from 133,358 the earlier week.

The next graph exhibits the 4-week shifting common of weekly claims since 1971.

Click on on graph for bigger picture.

The dashed line on the graph is the present 4-week common. The four-week common of weekly unemployment claims decreased to 651,000.

The earlier week was revised up.

Common state continued claims decreased to three,813,109 (SA) from 3,886,198 (SA) the earlier week.

Observe: There are a further 6,974,068 receiving Pandemic Unemployment Help (PUA) that decreased from 7,309,604 the earlier week (there are questions on these numbers). It is a particular program for enterprise homeowners, self-employed, unbiased contractors or gig employees not receiving different unemployment insurance coverage.  And a further 5,192,711 receiving Pandemic Emergency Unemployment Compensation (PEUC) down from 5,605,935.

Weekly claims had been increased than the consensus forecast.



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