Research >> Economics
Weekly Initial Unemployment Claims decrease 19,000 to 204,000
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In the week ending December 31, the advance figure for seasonally adjusted initial claims was 204,000, a decrease of 19,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 225,000 to 223,000. The 4-week moving average was 213,750, a decrease of 6,750 from the previous week's revised average. The previous week's average was revised down by 500 from 221,000 to 220,500.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending December 24, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 24 was 1,694,000, a decrease of 24,000 from the previous week's revised level. The previous week's level was revised up 8,000 from 1,710,000 to 1,718,000. The 4-week moving average was 1,687,500, an increase of 6,000 from the previous week's revised average. The previous week's average was revised up by 2,000 from 1,679,500 to 1,681,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 275,552 in the week ending December 31, an increase of 5,703 (or 2.1 percent) from the previous week. The seasonal factors had expected an increase of 31,471 (or 11.7 percent) from the previous week. There were 315,753 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending December 24, an increase of 0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,707,197, an increase of 130,459 (or 8.3 percent) from the preceding week. The seasonal factors had expected an increase of 154,582 (or 9.8 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 1,869,759.
The total number of continued weeks claimed for benefits in all programs for the week ending December 17 was 1,601,289, a decrease of 18,444 from the previous week. There were 1,913,405 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 December 17.
Initial claims for UI benefits filed by former Federal civilian employees totaled 575 in the week ending December 24, a decrease of 32 from the prior week. There were 310 initial claims filed by newly discharged veterans, a decrease of 71 from the preceding week.
There were 7,118 continued weeks claimed filed by former Federal civilian employees the week ending December 17, an increase of 50 from the previous week. Newly discharged veterans claiming benefits totaled 4,313, a decrease of 112 from the prior week.
The highest insured unemployment rates in the week ending December 17 were in Alaska (2.3), New Jersey (2.1), Minnesota (2.0), California (1.9), Puerto Rico (1.9), Massachusetts (1.8), Montana (1.8), Rhode Island (1.8), New York (1.7), and Washington (1.6).
The largest increases in initial claims for the week ending December 24 were in Missouri (+4,974), Kentucky (+4,133), Washington (+2,197), New York (+2,079), and Ohio (+2,026), while the largest decreases were in California (-3,243), Georgia (-1,568), Texas (-1,455), Florida (-1,090), and North Carolina (-888).
Posted: January 5, 2023 Thursday 08:30 AM