Research >> Economics
Weekly Initial Unemployment Claims decrease 18,000 to 202,000
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In the week ending December 30, the advance figure for seasonally adjusted initial claims was 202,000, a decrease of
18,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 218,000 to
220,000. The 4-week moving average was 207,750, a decrease of 4,750 from the previous week's revised average. The
previous week's average was revised up by 500 from 212,000 to 212,500.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending December 23, a
decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted
insured unemployment during the week ending December 23 was 1,855,000, a decrease of 31,000 from the previous
week's revised level. The previous week's level was revised up 11,000 from 1,875,000 to 1,886,000. The 4-week moving
average was 1,867,000, a decrease of 250 from the previous week's revised average. The previous week's average was
revised up by 2,750 from 1,864,500 to 1,867,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 268,020 in the week ending
December 30, a decrease of 6,820 (or -2.5 percent) from the previous week. The seasonal factors had expected an
increase of 17,136 (or 6.2 percent) from the previous week. There were 278,487 initial claims in the comparable week in
2022.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending December 23, an increase of
0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs
totaled 1,887,944, an increase of 51,412 (or 2.8 percent) from the preceding week. The seasonal factors had expected an
increase of 82,964 (or 4.5 percent) from the previous week. A year earlier the rate was 1.2 percent and the volume was
1,710,626.
The total number of continued weeks claimed for benefits in all programs for the week ending December 16 was
1,864,500, an increase of 781 from the previous week. There were 1,601,794 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 December 16.
Initial claims for UI benefits filed by former Federal civilian employees totaled 580 in the week ending December 23, an
increase of 66 from the prior week. There were 321 initial claims filed by newly discharged veterans, a decrease of 34
from the preceding week.
There were 6,427 continued weeks claimed filed by former Federal civilian employees the week ending December 16, an
increase of 155 from the previous week. Newly discharged veterans claiming benefits totaled 4,214, a decrease of 169
from the prior week.
The highest insured unemployment rates in the week ending December 16 were in New Jersey (2.4), Alaska (2.2),
Montana (2.2), California (2.1), Minnesota (2.1), Massachusetts (1.9), Rhode Island (1.9), Washington (1.9), Illinois
(1.8), New York (1.8), Pennsylvania (1.8), and Puerto Rico (1.8).
The largest increases in initial claims for the week ending December 23 were in California (+4,911), New Jersey
(+4,713), Missouri (+4,684), Ohio (+2,712), and Pennsylvania (+2,329), while the largest decreases were in Texas
(-1,212), Oklahoma (-539), West Virginia (-406), Colorado (-335), and Utah (-262).
Posted: January 4, 2024 Thursday 08:30 AM