Research >> Economics
Weekly Initial Unemployment Claims increase 9,000 to 228,000
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In the week ending October 8, the advance figure for seasonally adjusted initial claims was 228,000, an increase of 9,000 from the previous week's unrevised level of 219,000. The 4-week moving average was 211,500, an increase of 5,000 from the previous week's unrevised average of 206,500.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending October 1, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 1 was 1,368,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 1,361,000 to 1,365,000. The 4-week moving average was 1,363,750, a decrease of 8,000 from the previous week's revised average. The previous week's average was revised up by 1,000 from 1,370,750 to 1,371,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 199,662 in the week ending October 8, an increase of 32,275 (or 19.3 percent) from the previous week. The seasonal factors had expected an increase of 24,790 (or 14.8 percent) from the previous week. There were 280,597 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.8 percent during the week ending October 1, a decrease of 0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,205,534, a decrease of 27,458 (or -2.2 percent) from the preceding week. The seasonal factors had expected a decrease of 30,040 (or -2.4 percent) from the previous week. A year earlier the rate was 1.7 percent and the volume was 2,262,792.
The total number of continued weeks claimed for benefits in all programs for the week ending September 24 was 1,254,842, an increase of 7,935 from the previous week. There were 3,649,033 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 September 24.
Initial claims for UI benefits filed by former Federal civilian employees totaled 396 in the week ending October 1, an increase of 51 from the prior week. There were 371 initial claims filed by newly discharged veterans, a decrease of 14 from the preceding week.
There were 5,748 continued weeks claimed filed by former Federal civilian employees the week ending September 24, a decrease of 146 from the previous week. Newly discharged veterans claiming benefits totaled 3,397, a decrease of 936 from the prior week.
The highest insured unemployment rates in the week ending September 24 were in Puerto Rico (2.0), California (1.8), New Jersey (1.7), New York (1.4), Alaska (1.2), Massachusetts (1.2), Rhode Island (1.2), Connecticut (1.1), and Nevada (1.1).
The largest increases in initial claims for the week ending October 1 were in Puerto Rico (+3,966), Missouri (+3,830), Massachusetts (+2,245), North Carolina (+1,651), and California (+1,253), while the largest decreases were in Florida (-1,203), Ohio (-754), Georgia (-684), Virginia (-343), and New York (-335).
Posted: October 13, 2022 Thursday 08:30 AM