Research >> Economics
Weekly Initial Unemployment Claims increase 14,000 to 262,000
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In the week ending August 6, the advance figure for seasonally adjusted initial claims was 262,000, an increase of 14,000 from the previous week's revised level. The previous week's level was revised down by 12,000 from 260,000 to 248,000. The 4-week moving average was 252,000, an increase of 4,500 from the previous week's revised average. The previous week's average was revised down by 7,250 from 254,750 to 247,500.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending July 30, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 30 was 1,428,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,416,000 to 1,420,000. The 4-week moving average was 1,399,250, an increase of 23,750 from the previous week's revised average. The previous week's average was revised up by 250 from 1,375,250 to 1,375,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 203,619 in the week ending August 6, an increase of 7,521 (or 3.8 percent) from the previous week. The seasonal factors had expected a decrease of 3,223 (or -1.6 percent) from the previous week. There were 323,043 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending July 30, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,454,623, an increase of 623 (or 0.0 percent) from the preceding week. The seasonal factors had expected a decrease of 7,100 (or -0.5 percent) from the previous week. A year earlier the rate was 2.1 percent and the volume was 2,850,382.
The total number of continued weeks claimed for benefits in all programs for the week ending July 23 was 1,478,780, an increase of 9,206 from the previous week. There were 12,055,317 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 July 23.
Initial claims for UI benefits filed by former Federal civilian employees totaled 406 in the week ending July 30, a decrease of 65 from the prior week. There were 379 initial claims filed by newly discharged veterans, a decrease of 1 from the preceding week.
There were 7,024 continued weeks claimed filed by former Federal civilian employees the week ending July 23, an increase of 135 from the previous week. Newly discharged veterans claiming benefits totaled 4,299, an increase of 149 from the prior week.
The highest insured unemployment rates in the week ending July 23 were in Connecticut (2.3), New Jersey (2.1), Puerto Rico (2.0), California (1.9), Rhode Island (1.8), Massachusetts (1.7), New York (1.6), Pennsylvania (1.5), Alaska (1.2), Illinois (1.2), and Nevada (1.2).
The largest increases in initial claims for the week ending July 30 were in Connecticut (+4,790), Oklahoma (+997), North Carolina (+547), Washington (+372), and Nevada (+177), while the largest decreases were in Massachusetts (-14,256), Kentucky (-2,201), Ohio (-1,640), Michigan (-1,425), and Illinois (-1,033).
Posted: August 11, 2022 Thursday 08:30 AM