Jobless Claims Near Lowest Pandemic Level in 3rd Week of March

Washington, DC, March 25, 2021-In the week ending March 20, the advance figure for seasonally adjusted initial claims was 684,000, a decrease of 97,000 from the previous week's revised level, according to the Department of Labor. 

Says the WSJ, “Jobless claims are near the lowest levels since the pandemic struck last spring in the midst of signs of a broader economic recovery.”

The previous week's level was revised up by 11,000 from 770,000 to 781,000. The four-week moving average was 736,000, a decrease of 13,000 from the previous week's revised average. The previous week's average was revised up by 2,750 from 746,250 to 749,000.