Jobless Claims Hit Lowest Level Since Pandemic Began
Washington, DC, May 13, 2021-In the week ending May 8, the advance figure for seasonally adjusted initial claims was 473,000, a decrease of 34,000 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 9,000 from 498,000 to 507,000. The four-week moving average was 534,000, a decrease of 28,250 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 2,250 from 560,000 to 562,250.