Unemployment Claims Remain Roughly Steady, Says DOL

There was again little movement in the number of initial unemployment insurance claims filed weekly, according to data released today by the Department of Labor. Claims dropped to 457,000 the week ending March 13, a decline of 5,000 from the previous week’s unrevised figure. However, the 4-week moving average actually fell by 4,250 to 471,250. That figure had gone up a week prior.

The biggest jumps in initial claims for the week ending March 6 were in North Carolina, due to layoffs in the construction, service, industrial machinery, apparel, and transportation equipment industries (prompting an increase of more than 5,000); and Illinois, where claims went up by about 2,500.

After a decline the previous week, states reported that the number of people claiming emergency unemployment compensation the week ending Feb. 27 went up by about 360,000, bringing the total to shy of 6 million.