Research >> Economics
Weekly Initial Unemployment Claims decrease 20,000 to 211,000
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In the week ending December 10, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 20,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 230,000 to 231,000. The 4-week moving average was 227,250, a decrease of 3,000 from the previous week's revised average. The previous week's average was revised up by 250 from 230,000 to 230,250.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending December 3, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 3 was 1,671,000, an increase of 1,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 1,671,000 to 1,670,000. The 4-week moving average was 1,625,250, an increase of 43,250 from the previous week's revised average. The previous week's average was revised down by 250 from 1,582,250 to 1,582,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 248,881 in the week ending December 10, a decrease of 39,095 (or -13.6 percent) from the previous week. The seasonal factors had expected a decrease of 15,922 (or -5.5 percent) from the previous week. There were 265,692 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending December 3, a decrease of 0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,505,805, a decrease of 55,630 (or -3.6 percent) from the preceding week. The seasonal factors had expected a decrease of 56,779 (or -3.6 percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was 1,734,628.
The total number of continued weeks claimed for benefits in all programs for the week ending November 26 was 1,586,144, an increase of 302,109 from the previous week. There were 2,458,450 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 November 26.
Initial claims for UI benefits filed by former Federal civilian employees totaled 776 in the week ending December 3, an increase of 184 from the prior week. There were 462 initial claims filed by newly discharged veterans, an increase of 238 from the preceding week.
There were 6,932 continued weeks claimed filed by former Federal civilian employees the week ending November 26, an increase of 1,005 from the previous week. Newly discharged veterans claiming benefits totaled 4,524, an increase of 714 from the prior week.
The highest insured unemployment rates in the week ending November 26 were in Alaska (2.2), California (2.1), New Jersey (2.1), Puerto Rico (2.0), Minnesota (1.7), Montana (1.7), New York (1.6), Massachusetts (1.5), Rhode Island (1.5), and Washington (1.5).
The largest increases in initial claims for the week ending December 3 were in California (+15,306), New York (+8,777), Texas (+8,639), Georgia (+7,806), and Illinois (+5,083), while the only decrease was in Connecticut (-139).
Posted: December 15, 2022 Thursday 08:30 AM