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.

– US Department of Labor email on jobless claims, 4 Mar 2021

I got this email on jobless claims from the US Labor Department as I do each week just after 8:30 AM ET. And when I saw the numbers, it confirmed for me that we are generally on a downward trajectory for claims. This is a data series I have been tracking for the past two decades, through the end of three business cycles. It’s been around since 1967.