Your submission is now in Draft mode.

Once it's ready, please submit your draft for review by our team of Community Moderators. Thank you!

Submit Essay

Once you submit your essay, you can no longer edit it.


This content now needs to be approved by community moderators.


This essay was submitted and is waiting for review.

Initial Jobless Claims in April 2021



Initial jobless claims reflect the number of people filing for unemployment insurance over the last week. A higher number should be read negatively as higher unemployment reduces the productivity of the economy.

Greatly impacted by the spread of COVID-19, the number of initial jobless claims skyrocketed in March but has gradually begun to decrease since then. However, the current level for the beginning of August is over five times the level recorded in December of 2019.

January 14th saw a larger than expected increase in initial jobless claims, causing an uptick in a previously downward trend. As mutations of the virus spread and the pandemic worsens across America, fears concerning the weakening of the labor market are beginning to grow.

The level of initial jobless claims is an excellent indicator of the health of the jobs market, and the economy as a whole. Low levels of claims can signal that companies might have a more difficult time hiring workers, and that workers currently employed will need overtime pay or higher compensation as an enticement. Wage inflation can increase interest rates and decrease the price of bonds and stocks in the investment market, which is bad news to investors and is watched carefully by the Federal Reserve.

Related questions:

Initial Jobless Claims January 2021

Initial Jobless Claims February 2021

What will be the 5-week average of initial jobless claims filed in April 2021?

Resolution Criteria

The resolution criteria for this question will be provided through either the Federal Reserve, or through the reports organized on Econoday’s calendar. This number will reflect the 4-week average of weekly reports for that month. Those data points will include the reporting dates: 2-April, 9-April, 16-April, 23-April, 30-April

Make a Prediction


Note: this question resolved before its original close time. All of your predictions came after the resolution, so you did not gain (or lose) any points for it.

Note: this question resolved before its original close time. You earned points up until the question resolution, but not afterwards.

Current points depend on your prediction, the community's prediction, and the result. Your total earned points are averaged over the lifetime of the question, so predict early to get as many points as possible! See the FAQ.