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Jobless claims tick up, remain below Dow Jones estimate

The Dow Jones estimate on weekly first-time jobless benefits claims sat higher than the initial claim count for the week ending Feb. 27. Seasonally adjusted initial claims rolled in at 745,000, a mark down from Dow Jones’ anticipated 750,000.

In the week ending February 27, the advance figure for seasonally adjusted initial claims was 745,000, an increase of 9,000 from the previous week’s revised level. The previous week’s level was revised up by 6,000 from 730,000 to 736,000.

The 4-week moving average was 790,750, a decrease of 16,750 from the previous week’s revised average. The previous week’s average was revised down by 250 from 807,750 to 807,500.

Advanced seasonally adjusted insured unemployment rate was 3.0 percent for the week ending February 20, a decrease of 0.1 percentage point from the previous week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending February 20 was 4,295,000, a decrease of 124,000 from the previous week’s unrevised level of 4,419,000.

A four-week moving average showed 4,448,000, a decrease of 99,000 from the previous week’s unrevised average of 4,547,000.