Research >> Economics
Weekly Initial Unemployment Claims decrease 13,000 to 198,000
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In the week ending October 14, the advance figure for seasonally adjusted initial claims was 198,000, a decrease of
13,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 209,000 to
211,000. The 4-week moving average was 205,750, a decrease of 1,000 from the previous week's revised average. The
previous week's average was revised up by 500 from 206,250 to 206,750.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending October 7,
unchanged from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 1.1 to 1.2 percent.
The advance number for seasonally adjusted insured unemployment during the week ending October 7 was 1,734,000,
an increase of 29,000 from the previous week's revised level. The previous week's level was revised up 3,000 from
1,702,000 to 1,705,000. The 4-week moving average was 1,694,000, an increase of 19,000 from the previous week's
revised average. The previous week's average was revised up by 750 from 1,674,250 to 1,675,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 181,181 in the week ending
October 14, a decrease of 18,561 (or -9.3 percent) from the previous week. The seasonal factors had expected a decrease
of 6,764 (or -3.4 percent) from the previous week. There were 178,773 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending October 7, a decrease of 0.1
percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled
1,548,709, a decrease of 6,466 (or -0.4 percent) from the preceding week. The seasonal factors had expected a decrease
of 32,399 (or -2.1 percent) from the previous week. A year earlier the rate was 0.8 percent and the volume was
1,199,269.
The total number of continued weeks claimed for benefits in all programs for the week ending September 30 was
1,579,334, a decrease of 30,619 from the previous week. There were 1,224,084 weekly claims filed for benefits in all
programs in the comparable week in 2022.
No state was triggered "on" the Extended Benefits program during the week ending September 30.
Initial claims for UI benefits filed by former Federal civilian employees totaled 464 in the week ending October 7, an
increase of 74 from the prior week. There were 421 initial claims filed by newly discharged veterans, an increase of 23
from the preceding week.
There were 4,200 continued weeks claimed filed by former Federal civilian employees the week ending September 30,
an increase of 52 from the previous week. Newly discharged veterans claiming benefits totaled 4,088, a decrease of 91
from the prior week.
The highest insured unemployment rates in the week ending September 30 were in Hawaii (2.3), New Jersey (2.1),
California (2.0), Puerto Rico (1.8), Massachusetts (1.6), New York (1.6), Oregon (1.5), Rhode Island (1.5), Nevada (1.4),
and Washington (1.4).
The largest increases in initial claims for the week ending October 7 were in California (+3,849), Texas (+2,879),
Michigan (+2,039), Illinois (+1,844), and New Jersey (+1,613), while the largest decreases were in Ohio (-846), Virginia
(-370), Hawaii (-66), North Dakota (-33), and Virgin Islands (-18).
Posted: October 19, 2023 Thursday 08:30 AM