Research >> Economics
Weekly Initial Unemployment Claims Decrease 2,000 to 210,000
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In the week ending March 16, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 2,000
from the previous week's revised level. The previous week's level was revised up by 3,000 from 209,000 to 212,000. The
4-week moving average was 211,250, an increase of 2,500 from the previous week's revised average. The previous
week's average was revised up by 750 from 208,000 to 208,750.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending March 9, unchanged
from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the
week ending March 9 was 1,807,000, an increase of 4,000 from the previous week's revised level. The previous week's
level was revised down by 8,000 from 1,811,000 to 1,803,000. The 4-week moving average was 1,802,250, an increase
of 5,000 from the previous week's revised average. The previous week's average was revised down by 2,000 from
1,799,250 to 1,797,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 189,992 in the week ending March
16, a decrease of 12,730 (or -6.3 percent) from the previous week. The seasonal factors had expected a decrease of
11,015 (or -5.4 percent) from the previous week. There were 204,021 initial claims in the comparable week in 2023.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending March 9, a decrease of 0.1
percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled
2,021,814, a decrease of 56,778 (or -2.7 percent) from the preceding week. The seasonal factors had expected a decrease
of 61,294 (or -2.9 percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was
1,878,293.
The total number of continued weeks claimed for benefits in all programs for the week ending March 2 was 2,107,026, a
decrease of 36,850 from the previous week. There were 1,938,756 weekly claims filed for benefits in all programs in the
comparable week in 2023.
No state was triggered "on" the Extended Benefits program during the week ending March 2.
Initial claims for UI benefits filed by former Federal civilian employees totaled 365 in the week ending March 9, a
decrease of 28 from the prior week. There were 419 initial claims filed by newly discharged veterans, an increase of 12
from the preceding week.
There were 6,205 continued weeks claimed filed by former Federal civilian employees the week ending March 2, a
decrease of 664 from the previous week. Newly discharged veterans claiming benefits totaled 4,467, an increase of 169
from the prior week.
The highest insured unemployment rates in the week ending March 2 were in New Jersey (2.9), Rhode Island (2.7),
California (2.5), Minnesota (2.5), Massachusetts (2.4), Illinois (2.2), Montana (2.0), New York (2.0), Pennsylvania (2.0),
Alaska (1.9) Connecticut (1.9), and Washington (1.9).
The largest increases in initial claims for the week ending March 9 were in Oregon (+2,216), California (+462), Indiana
(+427), Texas (+392), and Nevada (+342), while the largest decreases were in New York (-14,583), Ohio (-1,453), New
Hampshire (-446), Massachusetts (-305), and Vermont (-289).
Posted: March 21, 2024 Thursday 08:30 AM