Research >> Economics
Weekly Initial Unemployment Claims decrease 5,000 to 166,000
|
Beginning with the Unemployment Insurance (UI) Weekly Claims News Release issued Thursday, April 7, 2022, the methodology used to seasonally adjust the national initial claims and continued claims reflects a change in the estimation of the models.
In the week ending April 2, the advance figure for seasonally adjusted initial claims was 166,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised down by 31,000 from 202,000 to 171,000. The 4-week moving average was 170,000, a decrease of 8,000 from the previous week's revised average. The previous week's average was revised down by 30,500 from 208,500 to 178,000.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending March 26, unchanged from the previous week's revised rate. The previous week's rate was revised up by 0.2 from 0.9 to 1.1 percent. The advance number for seasonally adjusted insured unemployment during the week ending March 26 was 1,523,000, an increase of 17,000 from the previous week's revised level. The previous week's level was revised up 199,000 from 1,307,000 to 1,506,000. The 4-week moving average was 1,541,250, a decrease of 35,250 from the previous week's revised average. The previous week's average was revised up by 187,500 from 1,389,000 to 1,576,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 193,137 in the week ending April 2, a decrease of 3,674 (or -1.9 percent) from the previous week. The seasonal factors had expected an increase of 2,054 (or 1.0 percent) from the previous week. There were 668,346 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending March 26, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,650,788, a decrease of 20,365 (or -1.2 percent) from the preceding week. The seasonal factors had expected a decrease of 39,144 (or -2.3 percent) from the previous week. A year earlier the rate was 2.8 percent and the volume was 4,002,030.
The total number of continued weeks claimed for benefits in all programs for the week ending March 19 was 1,723,024, a decrease of 52,806 from the previous week. There were 18,387,297 weekly claims filed for benefits in all programs in the comparable week in 2021.
During the week ending March 19, Extended Benefits were available in the following state: New Jersey.
Initial claims for UI benefits filed by former Federal civilian employees totaled 489 in the week ending March 26, a decrease of 10 from the prior week. There were 338 initial claims filed by newly discharged veterans, a decrease of 38 from the preceding week.
There were 8,777 continued weeks claimed filed by former Federal civilian employees the week ending March 19, a decrease of 952 from the previous week. Newly discharged veterans claiming benefits totaled 4,331, a decrease of 299 from the prior week.
The highest insured unemployment rates in the week ending March 19 were in California (2.4), New Jersey (2.4), Alaska (2.2), Illinois (2.1), Rhode Island (2.1), Massachusetts (2.0), Minnesota (2.0), New York (1.9), and the Virgin Islands (1.7).
The largest increases in initial claims for the week ending March 26 were in Ohio (+3,580), Michigan (+3,545), California (+3,256), Texas (+2,251), and New York (+761), while the largest decreases were in Kentucky (-2,034), Pennsylvania (-732), Tennessee (-235), Florida (-165), and Connecticut (-138).
Posted: April 7, 2022 Thursday 08:30 AM