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U.S. Census Jobs Reports- October 7, 2021

Washington, D.C. – Jobs Report from U.S. Census. Initial Jobless Claims stated that Americans filed 326 thousand new unemployment claims in the week ended October 2nd, down from a seven-week high of 364 thousand in the previous period and below market estimates of 348 thousand.

Claims decreased to a pandemic low of 312 thousand in early September, as the employment market continued to improve and the effects of Hurricane Ida and the Delta variant’s summer increase began to diminish.

Non-seasonally adjusted claims levels decreased significantly in California (down 10.5 thousand), the District of Columbia (down 4.0 thousand), Michigan (down 3.2 thousand), and Texas (down 3.2 thousand) (down 3.1 thousand).

Initial Jobless Claims – U.S. Census – October 7, 2021

Continuing jobless claims in the United States declined to 2.714 million in the week ending September 25th, from a revised 2.811 million the previous week and below market estimates of 2.780 million.

The four-week moving average of US unemployment claims, which smooths out week-to-week volatility, increased to 344.0 thousand in the week ended October 2nd, up from 340.5 thousand in the previous period.

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*Construction Industry Specific Report when available can be found in our labor and markets sections.

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