Research >> Economics
Weekly Initial Unemployment Claims increase 4,000 to 230,000
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In the week ending December 3, the advance figure for seasonally adjusted initial claims was 230,000, an increase of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 225,000 to 226,000. The 4-week moving average was 230,000, an increase of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from 228,750 to 229,000.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending November 26, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 26 was 1,671,000, an increase of 62,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 1,608,000 to 1,609,000. The 4-week moving average was 1,582,250, an increase of 43,250 from the previous week's revised average. The previous week's average was revised up by 250 from 1,538,750 to 1,539,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 286,436 in the week ending December 3, an increase of 87,113 (or 43.7 percent) from the previous week. The seasonal factors had expected an increase of 82,393 (or 41.3 percent) from the previous week. There were 283,935 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.1 percent during the week ending November 26, an increase of 0.2 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,562,591, an increase of 300,930 (or 23.9 percent) from the preceding week. The seasonal factors had expected an increase of 242,998 (or 19.3 percent) from the previous week. A year earlier the rate was 1.5 percent and the volume was 1,965,797.
The total number of continued weeks claimed for benefits in all programs for the week ending November 19 was 1,284,024, a decrease of 83,896 from the previous week. There were 1,947,630 weekly claims filed for benefits in all programs in the comparable week in 2021.
No state was triggered "on" the Extended Benefits program during the week ending November 19.
Initial claims for UI benefits filed by former Federal civilian employees totaled 592 in the week ending November 26, a decrease of 143 from the prior week. There were 224 initial claims filed by newly discharged veterans, a decrease of 182 from the preceding week.
There were 5,927 continued weeks claimed filed by former Federal civilian employees the week ending November 19, a decrease of 360 from the previous week. Newly discharged veterans claiming benefits totaled 3,810, a decrease of 496 from the prior week.
The highest insured unemployment rates in the week ending November 19 were in Alaska (2.0), Puerto Rico (1.8), New Jersey (1.7), California (1.6), Montana (1.5), New York (1.4), Massachusetts (1.3), Minnesota (1.3), Rhode Island (1.3), Nevada (1.2), and Oregon (1.2).
The largest increases in initial claims for the week ending November 26 were in Wisconsin (+1,542), Connecticut (+817), Ohio (+578), Tennessee (+278), and Massachusetts (+130), while the largest decreases were in California (-11,195), Illinois (-4,968), Georgia (-4,632), Texas (-4,611), and Florida (-2,425).
Posted: December 8, 2022 Thursday 08:30 AM