Research >> Economics
Weekly Initial Unemployment Claims decrease 15,000 to 190,000
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In the week ending January 14, the advance figure for seasonally adjusted initial claims was 190,000, a decrease of 15,000 from the previous week's unrevised level of 205,000. The 4-week moving average was 206,000, a decrease of 6,500 from the previous week's unrevised average of 212,500.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending January 7, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 7 was 1,647,000, an increase of 17,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 1,634,000 to 1,630,000. The 4-week moving average was 1,673,000, a decrease of 5,500 from the previous week's revised average. The previous week's average was revised down by 1,000 from 1,679,500 to 1,678,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 285,575 in the week ending January 14, a decrease of 53,582 (or -15.8 percent) from the previous week. The seasonal factors had expected a decrease of 30,982 (or -9.1 percent) from the previous week. There were 336,424 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending January 7, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,898,425, an increase of 28,656 (or 1.5 percent) from the preceding week. The seasonal factors had expected an increase of 9,781 (or 0.5 percent) from the previous week. A year earlier the rate was 1.5 percent and the volume was 2,064,959.
The total number of continued weeks claimed for benefits in all programs for the week ending December 31 was 1,893,525, an increase of 159,159 from the previous week. There were 2,302,030 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 December 31.
Initial claims for UI benefits filed by former Federal civilian employees totaled 942 in the week ending January 7, an increase of 473 from the prior week. There were 374 initial claims filed by newly discharged veterans, an increase of 81 from the preceding week.
There were 7,313 continued weeks claimed filed by former Federal civilian employees the week ending December 31, an increase of 325 from the previous week. Newly discharged veterans claiming benefits totaled 4,332, an increase of 123 from the prior week.
The highest insured unemployment rates in the week ending December 31 were in New Jersey (2.6), Rhode Island (2.6), Alaska (2.4), Minnesota (2.3), Massachusetts (2.1), Montana (2.1), New York (2.1), California (2.0), and Puerto Rico (2.0).
The largest increases in initial claims for the week ending January 7 were in California (+17,447), New York (+17,285), Texas (+10,178), Georgia (+8,494), and Florida (+3,209), while the largest decreases were in New Jersey (-4,064), Connecticut (-2,202), Iowa (-1,891), Massachusetts (-1,585), and Oregon (-1,525).
Posted: January 19, 2023 Thursday 08:30 AM