Initial Jobless Claims Rose by 11K in Fourth Week of September

Washington, DC, September 30, 2021-In the week ending September 25, the advance figure for seasonally adjusted initial claims was 362,000, an increase of 11,000 from the previous week's unrevised level of 351,000, according to the Department of Labor. 

The four-week moving average was 340,000, an increase of 4,250 from the previous week's unrevised average of 335,750.

The advance seasonally adjusted insured unemployment rate was 2.0% for the week ending September 18, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 18 was 2,802,000, a decrease of 18,000 from the previous week's revised level. The previous week's level was revised down by 25,000 from 2,845,000 to 2,820,000. The four-week moving average was 2,797,250, a decrease of 750 from the previous week's revised average. This is the lowest level for this average since March 21, 2020 when it was 2,071,750. The previous week's average was revised down by 6,000 from 2,804,000 to 2,798,000.