Research >> Economics
Weekly Initial Unemployment Claims decrease 1,000 to 217,000
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In the week ending October 29, the advance figure for seasonally adjusted initial claims was 217,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 217,000 to 218,000. The 4-week moving average was 218,750, a decrease of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 219,000 to 219,250.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending October 22, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 22 was 1,485,000, an increase of 47,000 from the previous week's unrevised level of 1,438,000. The 4-week moving average was 1,417,500, an increase of 30,000 from the previous week's unrevised average of 1,387,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 185,594 in the week ending October 29, an increase of 1,174 (or 0.6 percent) from the previous week. The seasonal factors had expected an increase of 2,182 (or 1.2 percent) from the previous week. There were 241,719 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending October 22, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,238,290, an increase of 11,449 (or 0.9 percent) from the preceding week. The seasonal factors had expected a decrease of 27,327 (or -2.2 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 1,885,013.
The total number of continued weeks claimed for benefits in all programs for the week ending October 15 was 1,250,555, an increase of 28,929 from the previous week. There were 2,672,972 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 October 15.
Initial claims for UI benefits filed by former Federal civilian employees totaled 557 in the week ending October 22, an increase of 93 from the prior week. There were 389 initial claims filed by newly discharged veterans, an increase of 58 from the preceding week.
There were 5,857 continued weeks claimed filed by former Federal civilian employees the week ending October 15, an increase of 312 from the previous week. Newly discharged veterans claiming benefits totaled 4,392, an increase of 59 from the prior week.
The highest insured unemployment rates in the week ending October 15 were in Puerto Rico (2.1), New Jersey (1.8), California (1.7), Alaska (1.5), New York (1.3), Massachusetts (1.2), Rhode Island (1.2), Nevada (1.1), and Oregon (1.1).
The largest increases in initial claims for the week ending October 22 were in New York (+1,726), Georgia (+1,301), New Jersey (+1,100), Pennsylvania (+1,062), and Illinois (+1,016), while the largest decreases were in Missouri (-2,213), Florida (-2,004), Michigan (-804), Tennessee (-628), and Puerto Rico (-510).
Posted: November 3, 2022 Thursday 08:30 AM