Research >> Economics
Weekly Initial Unemployment Claims decrease 5,000 to 213,000
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In the week ending September 10, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 222,000 to 218,000. The 4-week moving average was 224,000, a decrease of 8,000 from the previous week's revised average. The previous week's average was revised down by 1,000 from 233,000 to 232,000.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending September 3, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 3 was 1,403,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised down by 72,000 from 1,473,000 to 1,401,000. The 4-week moving average was 1,413,250, a decrease of 7,750 from the previous week's revised average. The previous week's average was revised down by 18,000 from 1,439,000 to 1,421,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 155,961 in the week ending September 10, a decrease of 16,934 (or -9.8 percent) from the previous week. The seasonal factors had expected a decrease of 13,518 (or -7.8 percent) from the previous week. There were 265,902 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending September 3, a decrease of 0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,275,704, a decrease of 92,150 (or -6.7 percent) from the preceding week. The seasonal factors had expected a decrease of 93,900 (or -6.9 percent) from the previous week. A year earlier the rate was 1.7 percent and the volume was 2,377,950.
The total number of continued weeks claimed for benefits in all programs for the week ending August 27 was 1,391,432, a decrease of 23,420 from the previous week. There were 12,106,755 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 August 27.
Initial claims for UI benefits filed by former Federal civilian employees totaled 330 in the week ending September 3, a decrease of 2 from the prior week. There were 417 initial claims filed by newly discharged veterans, an increase of 14 from the preceding week.
There were 6,272 continued weeks claimed filed by former Federal civilian employees the week ending August 27, a decrease of 105 from the previous week. Newly discharged veterans claiming benefits totaled 4,482, a decrease of 31 from the prior week.
The highest insured unemployment rates in the week ending August 27 were in New Jersey (2.2), California (1.8), Rhode Island (1.8), New York (1.7), Puerto Rico (1.7), Connecticut (1.6), Massachusetts (1.5), Pennsylvania (1.3), Nevada (1.2), Alaska (1.1), Illinois (1.1), and Oregon (1.1).
The largest increases in initial claims for the week ending September 3 were in Oklahoma (+1,935), Pennsylvania (+1,069), Kentucky (+824), Ohio (+659), and Indiana (+610), while the largest decreases were in New York (-3,662), Michigan (-2,132), Connecticut (-1,285), Alabama (-314), and Virginia (-310).
Posted: September 15, 2022 Thursday 08:30 AM