by Calculated Risk on 9/30/2021 08:45:00 AM
The DOL reported:
11,000 from the previous week’s unrevised level of 351,000. The 4-week moving average was 340,000, an increase of
4,250 from the previous week’s unrevised average of 335,750.
The following graph shows the 4-week moving average of weekly claims since 1971.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 340,000.
The previous week was unrevised.
Regular state continued claims decreased to 2,802,000 (SA) from 2,820,000 (SA) the previous week.
Note (released with a 2 week delay): There were an additional 1,059,248 receiving Pandemic Unemployment Assistance (PUA) that decreased from 4,896,125 the previous week (there are questions about these numbers). This was a special program for business owners, self-employed, independent contractors or gig workers not receiving other unemployment insurance. And threre were an additional 991,813 receiving Pandemic Emergency Unemployment Compensation (PEUC) down from 3,644,555.
Weekly claims were higher than the consensus forecast.