Research >> Economics
Weekly Initial Unemployment Claims increase 5,000 to 245,000
|
In the week ending April 15, the advance figure for seasonally adjusted initial claims was 245,000, an increase of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 239,000 to 240,000. The 4-week moving average was 239,750, a decrease of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 240,000 to 240,250.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending April 8, 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 April 8 was 1,865,000, an increase of 61,000 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 6,000 from 1,810,000 to 1,804,000. The 4-week moving average was 1,827,250, an increase of 15,250 from the previous week's revised average. This is the highest level for this average since December 18, 2021 when it was 1,838,000. The previous week's average was revised down by 1,500 from 1,813,500 to 1,812,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 228,216 in the week ending April 15, a decrease of 7,021 (or -3.0 percent) from the previous week. The seasonal factors had expected a decrease of 11,510 (or -4.9 percent) from the previous week. There were 197,219 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending April 8, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,792,624, a decrease of 2,847 (or -0.2 percent) from the preceding week. The seasonal factors had expected a decrease of 61,353 (or -3.4 percent) from the previous week. A year earlier the rate was 1.0 percent and the volume was 1,467,346.
The total number of continued weeks claimed for benefits in all programs for the week ending April 1 was 1,821,910, a decrease of 50,026 from the previous week. There were 1,620,762 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 April 1.
Initial claims for UI benefits filed by former Federal civilian employees totaled 387 in the week ending April 8, a decrease of 12 from the prior week. There were 320 initial claims filed by newly discharged veterans, a decrease of 18 from the preceding week.
There were 5,781 continued weeks claimed filed by former Federal civilian employees the week ending April 1, a decrease of 466 from the previous week. Newly discharged veterans claiming benefits totaled 4,067, an increase of 81 from the prior week.
The highest insured unemployment rates in the week ending April 1 were in California (2.4), New Jersey (2.4), Massachusetts (2.2), Minnesota (2.1), Rhode Island (2.1), Alaska (1.8), Illinois (1.8), New York (1.8), Oregon (1.7), and Puerto Rico (1.6).
The largest increases in initial claims for the week ending April 8 were in California (+10,640), New Jersey (+3,378), Texas (+2,981), Pennsylvania (+2,921), and Connecticut (+1,619), while the largest decreases were in Ohio (-3,138), Indiana (-926), Missouri (-552), Michigan (-516), and Georgia (-468).
Posted: April 20, 2023 Thursday 08:30 AM