Research >> Economics
Weekly Initial Unemployment Claims unchanged at 209,000
|
In the week ending October 7, the advance figure for seasonally adjusted initial claims was 209,000, unchanged from the
previous week's revised level. The previous week's level was revised up by 2,000 from 207,000 to 209,000. The 4-week
moving average was 206,250, a decrease of 3,000 from the previous week's revised average. The previous week's
average was revised up by 500 from 208,750 to 209,250.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending September 30,
unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured
unemployment during the week ending September 30 was 1,702,000, an increase of 30,000 from the previous week's
revised level. The previous week's level was revised up 8,000 from 1,664,000 to 1,672,000. The 4-week moving average
was 1,674,250, an increase of 4,750 from the previous week's revised average. The previous week's average was revised
up by 2,000 from 1,667,500 to 1,669,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 197,475 in the week ending
October 7, an increase of 22,774 (or 13.0 percent) from the previous week. The seasonal factors had expected an increase
of 22,778 (or 13.0 percent) from the previous week. There were 198,340 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending September 30, a decrease of
0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs
totaled 1,551,903, a decrease of 33,373 (or -2.1 percent) from the preceding week. The seasonal factors had expected a
decrease of 60,200 (or -3.8 percent) from the previous week. A year earlier the rate was 0.8 percent and the volume was
1,201,432.
The total number of continued weeks claimed for benefits in all programs for the week ending September 23 was
1,609,943, a decrease of 2,205 from the previous week. There were 1,255,127 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 September 23.
Initial claims for UI benefits filed by former Federal civilian employees totaled 390 in the week ending September 30, an
increase of 27 from the prior week. There were 398 initial claims filed by newly discharged veterans, an increase of 13
from the preceding week.
There were 4,148 continued weeks claimed filed by former Federal civilian employees the week ending September 23,
an increase of 25 from the previous week. Newly discharged veterans claiming benefits totaled 4,179, a decrease of 27
from the prior week.
The highest insured unemployment rates in the week ending September 23 were in Hawaii (2.4), California (2.1), New
Jersey (2.1), Puerto Rico (1.9), Massachusetts (1.6), New York (1.6), Oregon (1.5), Rhode Island (1.5), and Washington
(1.5).
The largest increases in initial claims for the week ending September 30 were in California (+1,202), Texas (+453),
Michigan (+409), Virginia (+331), and Indiana (+306), while the largest decreases were in Ohio (-1,528), Alabama
(-794), Illinois (-492), Missouri (-470), and Colorado (-456).
Posted: October 12, 2023 Thursday 08:30 AM