Initial Jobless Claims Rose by 7,000 in Week Ending March 25

Washington, DC, March 30, 2023-In the week ending March 25, the advance figure for seasonally adjusted initial claims was 198,000, an increase of 7,000 from the previous week's unrevised level of 191,000, according to the Department of Labor.

The four-week moving average was 198,250, an increase of 2,000 from the previous week's unrevised average of 196,250.

The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending March 18, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 18 was 1,689,000, an increase of 4,000 from the previous week's revised level. The previous week's level was revised down by 9,000 from 1,694,000 to 1,685,000. The four-week moving average was 1,691,750, an increase of 10,000 from the previous week's revised average. The previous week's average was revised down by 2,250 from 1,684,000 to 1,681,750.