Research >> Economics
Weekly Initial Unemployment Claims decrease 2,000 to 243,000
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In the week ending August 20, the advance figure for seasonally adjusted initial claims was 243,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 250,000 to 245,000. The 4-week moving average was 247,000, an increase of 1,500 from the previous week's revised average. The previous week's average was revised down by 1,250 from 246,750 to 245,500.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending August 13, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 13 was 1,415,000, a decrease of 19,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 1,437,000 to 1,434,000. The 4-week moving average was 1,424,750, an increase of 12,500 from the previous week's revised average. The previous week's average was revised down by 750 from 1,413,000 to 1,412,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 184,414 in the week ending August 20, a decrease of 3,039 (or -1.6 percent) from the previous week. The seasonal factors had expected a decrease of 1,958 (or -1.0 percent) from the previous week. There were 298,791 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending August 13, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,417,342, a decrease of 6,451 (or -0.5 percent) from the preceding week. The seasonal factors had expected an increase of 12,904 (or 0.9 percent) from the previous week. A year earlier the rate was 2.1 percent and the volume was 2,809,776.
The total number of continued weeks claimed for benefits in all programs for the week ending August 6 was 1,448,533, a decrease of 32,948 from the previous week. There were 12,007,688 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 6.
Initial claims for UI benefits filed by former Federal civilian employees totaled 379 in the week ending August 13, a decrease of 23 from the prior week. There were 400 initial claims filed by newly discharged veterans, a decrease of 74 from the preceding week.
There were 6,669 continued weeks claimed filed by former Federal civilian employees the week ending August 6, a decrease of 405 from the previous week. Newly discharged veterans claiming benefits totaled 4,355, an increase of 55 from the prior week.
The highest insured unemployment rates in the week ending August 6 were in New Jersey (2.2), Puerto Rico (2.2), California (1.9), Connecticut (1.8), Rhode Island (1.8), Massachusetts (1.6), New York (1.6), Pennsylvania (1.4), Alaska (1.2), Illinois (1.2), and Nevada (1.2).
The largest increases in initial claims for the week ending August 13 were in Oklahoma (+1,419), Missouri (+1,014), Indiana (+691), Virginia (+404), and Michigan (+318), while the largest decreases were in California (-3,185), Ohio (-1,659), Georgia (-946), South Carolina (-847), and Pennsylvania (-617).
Posted: August 25, 2022 Thursday 08:30 AM