Research >> Economics
Weekly Initial Unemployment Claims decrease 2,000 to 250,000
|
In the week ending August 13, the advance figure for seasonally adjusted initial claims was 250,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised down by 10,000 from 262,000 to 252,000. The 4-week moving average was 246,750, a decrease of 2,750 from the previous week's revised average. The previous week's average was revised down by 2,500 from 252,000 to 249,500.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending August 6, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 6 was 1,437,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 1,428,000 to 1,430,000. The 4-week moving average was 1,413,000, an increase of 13,250 from the previous week's revised average. The previous week's average was revised up by 500 from 1,399,250 to 1,399,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 191,834 in the week ending August 13, a decrease of 4,536 (or -2.3 percent) from the previous week. The seasonal factors had expected a decrease of 3,029 (or -1.5 percent) from the previous week. There were 309,465 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending August 6, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,426,566, a decrease of 30,669 (or -2.1 percent) from the preceding week. The seasonal factors had expected a decrease of 37,182 (or -2.6 percent) from the previous week. A year earlier the rate was 2.0 percent and the volume was 2,808,137.
The total number of continued weeks claimed for benefits in all programs for the week ending July 30 was 1,481,478, an increase of 2,696 from the previous week. There were 11,825,252 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 July 30.
Initial claims for UI benefits filed by former Federal civilian employees totaled 402 in the week ending August 6, a decrease of 4 from the prior week. There were 474 initial claims filed by newly discharged veterans, an increase of 95 from the preceding week.
There were 7,074 continued weeks claimed filed by former Federal civilian employees the week ending July 30, an increase of 50 from the previous week. Newly discharged veterans claiming benefits totaled 4,300, an increase of 1 from the prior week.
The highest insured unemployment rates in the week ending July 30 were in Connecticut (2.4), Puerto Rico (2.3), New Jersey (2.1), California (1.9), Rhode Island (1.8), Massachusetts (1.6), New York (1.6), Pennsylvania (1.6), Alaska (1.2), Illinois (1.2), and Nevada (1.2).
The largest increases in initial claims for the week ending August 6 were in California (+2,759), New Jersey (+965), Texas (+723), South Carolina (+679), and Indiana (+582), while the largest decreases were in Connecticut (-7,341), Michigan (-1,075), Oklahoma (-921), Georgia (-522), and Maryland (-184).
Posted: August 18, 2022 Thursday 08:30 AM