Jobless claims: Another 227,000 individuals filed new claims last week

[mahatmakanejeeves]

Source: Yahoo! Finance

Yahoo Finance

Jobless claims preview: Another 227,000 individuals filed new claims last week

Alexandra Semenova·Reporter
Thu, March 10, 2022, 8:34 AM·3 min read

Applications for unemployment insurance inched up higher than expected in the latest weekly data but extended a broader trend downward after surging COVID-19 infections earlier this winter briefly disrupted the labor market's recovery to start the year.

The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:

-- Initial jobless claims, week ended March 5: 227,000 vs. 217,000 expected and an upwardly revised 216,000 during prior week

-- Continuing claims, week ended Feb. 26: 1.494 million vs. 1.450 million expected and an downwardly revised 1.469 during prior week

The previous report reflected initial jobless claims of 215,000 filed in the final full week of February, marking a two-month low and a read better than economists had anticipated. The figure also reached the lowest level since the week ended Dec. 31, when new weekly claims totaled 207,000.

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Read more: https://finance.yahoo.com/news/jobless-claims-march-5-2022-213057567.html

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Original headline this morning: "Jobless claims preview:"

This morning's banner and yesterday's boilerplate article:

COMING UP February CPI preview: Consumer prices likely set fresh 40-year high
Check vack at 8:30 a.m. ET for results

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https://finance.yahoo.com/news/jobless-claims-march-5-2022-213057567.html

Yahoo Finance
Jobless claims preview: Another 219,000 individuals likely filed new claims last week

Alexandra Semenova · Reporter
Wed, March 9, 2022, 4:30 PM

Applications for unemployment insurance are expected to inch up in the latest weekly data but extend a broader trend downward after surging COVID-19 infections earlier this winter briefly disrupted the labor market's recovery to start the year.

The Labor Department is set to release its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here are the main metrics expected from the print, compared to consensus estimates compiled by Bloomberg:

-- Initial jobless claims, week ended March 5: 219,000 expected, 215,000 during prior week

-- Continuing claims, week ended Feb. 26: 1.450 million expected, 1.467 during prior week

The previous report reflected initial jobless claims of 215,000 filed in the final full week of February, marking a two-month low and a read better than economists had anticipated. The figure also reached the lowest level since the week ended Dec. 31, when new weekly claims totaled 207,000.

Economists surveyed by Bloomberg expect the latest reading to be at 219,000. Meanwhile, Bank of America forecasted initial jobless claims are likely to fall to 210,000 in the week ending March 5, continuing to signal labor market tightness as companies continue to hold onto workers, the financial institution said in a recent note.

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[mahatmakanejeeves]

1. From the source:

The boilerplate of the report has been changed just a little. The program contact person and number have changed. The reports are shorter than before too. They used to be twelve or thirteen pages long. They are now ten pages long.

Hat tip to the new guy, Kevin Stapleton.

https://www.dol.gov/ui/data.pdf

News Release

Connect with DOL at
https://blog.dol.gov

TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, March 10, 2022

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

In the week ending March 5, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 11,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 215,000 to 216,000. The 4-week moving average was 231,250, an increase of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 230,500 to 230,750.

The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending February 26, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 26 was 1,494,000, an increase of 25,000 from the previous week's revised level. The previous week's level was revised down by 7,000 from 1,476,000 to 1,469,000. The 4-week moving average was 1,506,500, a decrease of 31,250 from the previous week's revised average. This is the lowest level for this average since March 28, 1970 when it was 1,483,500. The previous week's average was revised down by 1,750 from 1,539,500 to 1,537,750.

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UNADJUSTED DATA

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The total number of continued weeks claimed for benefits in all programs for the week ending February 19 was 1,909,025, a decrease of 62,259 from the previous week. There were 20,837,008 weekly claims filed for benefits in all programs in the comparable week in 2021.

{snip the rest of the ten-page news release, until the end}

Weekly Claims Archives
Weekly Claims Data

U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at [phone] (voice) or [phone] (federal relay).

U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 22-441-NAT

Program Contacts:
Kevin Stapleton: [phone]
Media Contact: [phone]