Initial Jobless Claims Fell to 13-Month Low in Last Week of April
Washington, DC, May 6, 2021-In the week ending May 1, the advance figure for seasonally adjusted initial claims was 498,000, a decrease of 92,000 from the previous week's revised level, according to the Department of Labor.
This is the lowest level for initial claims since March 14, 2020 when it was 256,000.
The previous week's level was revised up by 37,000 from 553,000 to 590,000. The four-week moving average was 560,000, a decrease of 61,000 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 9,250 from 611,750 to 621,000.