Research >> Economics
Weekly Initial Unemployment Claims increase 13,000 to 231,000
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In the week ending November 11, the advance figure for seasonally adjusted initial claims was 231,000, an increase of
13,000 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 220,250, an increase of 7,750 from the previous week's revised average. The
previous week's average was revised up by 250 from 212,250 to 212,500.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending November 4, an
increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted
insured unemployment during the week ending November 4 was 1,865,000, an increase of 32,000 from the previous
week's revised level. This is the highest level for insured unemployment since November 27, 2021 when it was
1,964,000. The previous week's level was revised down by 1,000 from 1,834,000 to 1,833,000. The 4-week moving
average was 1,823,250, an increase of 34,500 from the previous week's revised average. The previous week's average
was revised down by 250 from 1,789,000 to 1,788,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 215,874 in the week ending
November 11, an increase of 1,713 (or 0.8 percent) from the previous week. The seasonal factors had expected a
decrease of 10,261 (or -4.8 percent) from the previous week. There were 200,237 initial claims in the comparable week
in 2022.
The advance unadjusted insured unemployment rate was 1.1 percent during the week ending November 4, unchanged
from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,581,345, a
decrease of 26,372 (or -1.6 percent) from the preceding week. The seasonal factors had expected a decrease of 53,163 (or
-3.3 percent) from the previous week. A year earlier the rate was 0.9 percent and the volume was 1,230,153.
The total number of continued weeks claimed for benefits in all programs for the week ending October 28 was
1,633,463, an increase of 33,840 from the previous week. There were 1,291,160 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 October 28.
Initial claims for UI benefits filed by former Federal civilian employees totaled 519 in the week ending November 4, a
decrease of 109 from the prior week. There were 409 initial claims filed by newly discharged veterans, an increase of 44
from the preceding week.
There were 4,638 continued weeks claimed filed by former Federal civilian employees the week ending October 28, an
increase of 329 from the previous week. Newly discharged veterans claiming benefits totaled 4,295, an increase of 121
from the prior week.
The highest insured unemployment rates in the week ending October 28 were in New Jersey (2.1), California (2.0),
Hawaii (2.0), Puerto Rico (1.9), Alaska (1.7), Massachusetts (1.6), New York (1.6), Washington (1.6), Oregon (1.5), and
Rhode Island (1.5).
The largest increases in initial claims for the week ending November 4 were in California (+2,910), New York (+2,245),
Pennsylvania (+1,704), New Jersey (+1,689), and Texas (+1,522), while the largest decreases were in Oregon (-2,529),
Kentucky (-788), North Carolina (-522), Oklahoma (-108), and Mississippi (-107).
Posted: November 16, 2023 Thursday 08:30 AM