Research >> Economics
Weekly Initial Unemployment Claims decrease 16,000 to 225,000
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In the week ending November 26, the advance figure for seasonally adjusted initial claims was 225,000, a decrease of 16,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 240,000 to 241,000. The 4-week moving average was 228,750, an increase of 1,750 from the previous week's revised average. The previous week's average was revised up by 250 from 226,750 to 227,000.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending November 19, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 19 was 1,608,000, an increase of 57,000 from the previous week's unrevised level of 1,551,000. The 4-week moving average was 1,538,750, an increase of 30,250 from the previous week's revised average. The previous week's average was revised down by 1,250 from 1,509,750 to 1,508,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 198,557 in the week ending November 26, a decrease of 50,512 (or -20.3 percent) from the previous week. The seasonal factors had expected a decrease of 36,578 (or -14.7 percent) from the previous week. There were 216,685 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending November 19, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,260,367, a decrease of 81,475 (or -6.1 percent) from the preceding week. The seasonal factors had expected a decrease of 125,652 (or -9.4 percent) from the previous week. A year earlier the rate was 1.2 percent and the volume was 1,561,256.
The total number of continued weeks claimed for benefits in all programs for the week ending November 12 was 1,367,913, an increase of 115,477 from the previous week. There were 2,298,126 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 12.
Initial claims for UI benefits filed by former Federal civilian employees totaled 735 in the week ending November 19, an increase of 18 from the prior week. There were 406 initial claims filed by newly discharged veterans, an increase of 33 from the preceding week.
There were 6,287 continued weeks claimed filed by former Federal civilian employees the week ending November 12, an increase of 603 from the previous week. Newly discharged veterans claiming benefits totaled 4,306, an increase of 282 from the prior week.
The highest insured unemployment rates in the week ending November 12 were in Puerto Rico (2.1), Alaska (2.0), New Jersey (2.0), California (1.8), New York (1.4), Massachusetts (1.3), Montana (1.3), Rhode Island (1.3), Minnesota (1.2), Oregon (1.2), and Washington (1.2).
The largest increases in initial claims for the week ending November 19 were in Illinois (+6,586), California (+4,423), Georgia (+3,717), Michigan (+3,031), and Minnesota (+2,896), while the decreases were reported in Montana (-318), North Carolina (-133), and Arkansas (-131).
Posted: December 1, 2022 Thursday 08:30 AM