Research >> Economics
Weekly Initial Unemployment Claims decrease 16,000 to 193,000
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In the week ending September 24, the advance figure for seasonally adjusted initial claims was 193,000, a decrease of 16,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 213,000 to 209,000. The 4-week moving average was 207,000, a decrease of 8,750 from the previous week's revised average. The previous week's average was revised down by 1,000 from 216,750 to 215,750.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending September 17, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 17 was 1,347,000, a decrease of 29,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 1,379,000 to 1,376,000. The 4-week moving average was 1,381,250, a decrease of 22,500 from the previous week's revised average. The previous week's average was revised down by 1,000 from 1,404,750 to 1,403,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 156,060 in the week ending September 24, a decrease of 12,642 (or -7.5 percent) from the previous week. The seasonal factors had expected an increase of 419 (or 0.2 percent) from the previous week. There were 301,143 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending September 17, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,226,160, a decrease of 52,596 (or -4.1 percent) from the preceding week. The seasonal factors had expected a decrease of 26,153 (or -2.0 percent) from the previous week. A year earlier the rate was 1.8 percent and the volume was 2,472,303.
The total number of continued weeks claimed for benefits in all programs for the week ending September 10 was 1,302,353, an increase of 6,855 from the previous week. There were 5,027,611 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 September 10.
Initial claims for UI benefits filed by former Federal civilian employees totaled 375 in the week ending September 17, an increase of 66 from the prior week. There were 340 initial claims filed by newly discharged veterans, a decrease of 28 from the preceding week.
There were 6,216 continued weeks claimed filed by former Federal civilian employees the week ending September 10, an increase of 97 from the previous week. Newly discharged veterans claiming benefits totaled 4,393, an increase of 323 from the prior week.
The highest insured unemployment rates in the week ending September 10 were in New Jersey (1.9), California (1.8), Puerto Rico (1.6), New York (1.5), Alaska (1.2), Massachusetts (1.2), Nevada (1.2), Pennsylvania (1.2), Rhode Island (1.2).
The largest increases in initial claims for the week ending September 17 were in Michigan (+6,102), Georgia (+1,837), New York (+1,709), New Jersey (+1,164), and California (+1,130), while the largest decreases were in Indiana (-1,103), Arkansas (-386), Kentucky (-295), Virginia (-288), and Oklahoma (-264).
Posted: September 29, 2022 Thursday 08:30 AM