Weekly jobless claims continue their downward descent falling below 450k, according to the Department of Labor (DOL)
- Seasonally adjusted initial claims were 444,000, a decrease of 34,000 from the previous week’s revised level.
- The 4-week moving average was 504,750, a decrease of 30,500 from the previous week
This was the lowest total since the beginning of the pandemic on March 14th, 2020.
States reported over 6.6 million continued weekly claims for Pandemic Unemployment Assistance benefits
- The largest increases in initial claims were in Georgia (+7,404), Washington (+6,111),
Illinois (+3,221), Pennsylvania (+2,156), and Ohio (+1,371).
- The largest decreases in initial claims were in Michigan (-13,990), New York (-8,106), Vermont (-5,835), Nevada (-2,835), and Florida (-2,210).
