Research >> Economics
Weekly Initial Unemployment Claims decrease 12,000 to 214,000
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In the week ending October 15, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 12,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 228,000 to 226,000. The 4-week moving average was 212,250, an increase of 1,250 from the previous week's revised average. The previous week's average was revised down by 500 from 211,500 to 211,000.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending October 8, an increase of 0.1 percentage point from the previous week's revised rate. The previous week's rate was revised down by 0.1 from 1. to 0.9 percent. The advance number for seasonally adjusted insured unemployment during the week ending October 8 was 1,385,000, an increase of 21,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 1,368,000 to 1,364,000. The 4-week moving average was 1,365,000, an increase of 2,250 from the previous week's revised average. The previous week's average was revised down by 1,000 from 1,363,750 to 1,362,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 178,369 in the week ending October 15, a decrease of 20,003 (or -10.1 percent) from the previous week. The seasonal factors had expected a decrease of 9,285 (or -4.7 percent) from the previous week. There were 257,215 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.8 percent during the week ending October 8, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,201,137, a decrease of 180 (or 0.0 percent) from the preceding week. The seasonal factors had expected a decrease of 19,090 (or -1.6 percent) from the previous week. A year earlier the rate was 1.6 percent and the volume was 2,168,234.
The total number of continued weeks claimed for benefits in all programs for the week ending October 1 was 1,223,968, a decrease of 30,879 from the previous week. There were 3,279,058 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 October 1.
Initial claims for UI benefits filed by former Federal civilian employees totaled 457 in the week ending October 8, an increase of 61 from the prior week. There were 634 initial claims filed by newly discharged veterans, an increase of 263 from the preceding week.
There were 5,777 continued weeks claimed filed by former Federal civilian employees the week ending October 1, an increase of 29 from the previous week. Newly discharged veterans claiming benefits totaled 4,104, an increase of 707 from the prior week.
The highest insured unemployment rates in the week ending October 1 were in California (1.7), New Jersey (1.7), New York (1.3), Alaska (1.2), Massachusetts (1.2), Rhode Island (1.2), and Nevada (1.1).
The largest increases in initial claims for the week ending October 8 were in Florida (+10,665), California (+4,996), New York (+3,387), Texas (+2,382), and Pennsylvania (+1,900), while the largest decreases were in Missouri (-3,137), North Carolina (-1,520), Connecticut (-897), Puerto Rico (-431), and Arkansas (-138).
Posted: October 20, 2022 Thursday 08:30 AM