Research >> Economics
Weekly Initial Unemployment Claims decrease 4,000 to 222,000
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In the week ending November 12, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 225,000 to 226,000. The 4-week moving average was 221,000, an increase of 2,000 from the previous week's revised average. The previous week's average was revised up by 250 from 218,750 to 219,000.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending November 5, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 5 was 1,507,000, an increase of 13,000 from the previous week's revised level. The previous week's level was revised up 1,000 from 1,493,000 to 1,494,000. The 4-week moving average was 1,481,500, an increase of 31,000 from the previous week's revised average. The previous week's average was revised up by 250 from 1,450,250 to 1,450,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 199,603 in the week ending November 12, a decrease of 6,101 (or -3.0 percent) from the previous week. The seasonal factors had expected a decrease of 2,935 (or -1.4 percent) from the previous week. There were 240,435 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending November 5, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,237,054, a decrease of 26,604 (or -2.1 percent) from the preceding week. The seasonal factors had expected a decrease of 37,342 (or -3.0 percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was 1,783,321.
The total number of continued weeks claimed for benefits in all programs for the week ending October 29 was 1,287,399, an increase of 24,305 from the previous week. There were 2,608,347 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 29.
Initial claims for UI benefits filed by former Federal civilian employees totaled 556 in the week ending November 5, a decrease of 120 from the prior week. There were 391 initial claims filed by newly discharged veterans, an increase of 22 from the preceding week.
There were 5,773 continued weeks claimed filed by former Federal civilian employees the week ending October 29, an increase of 114 from the previous week. Newly discharged veterans claiming benefits totaled 4,144, a decrease of 143 from the prior week.
The highest insured unemployment rates in the week ending October 29 were in Puerto Rico (2.1), California (1.8), Alaska (1.7), New Jersey (1.7), Rhode Island (1.4), New York (1.3), Massachusetts (1.2), Nevada (1.1), Oregon (1.1), and Washington (1.1).
The largest increases in initial claims for the week ending November 5 were in Kentucky (+3,453), California (+3,413), Texas (+2,415), Indiana (+1,228), and Illinois (+1,045), while the largest decreases were in Oregon (-1,276), New Jersey (-490), Florida (-391), Hawaii (-323), and Puerto Rico (-287).
Posted: November 17, 2022 Thursday 08:30 AM