Research >> Economics
Weekly Initial Unemployment Claims decrease 6,000 to 186,000
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In the week ending January 21, the advance figure for seasonally adjusted initial claims was 186,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 190,000 to 192,000. The 4-week moving average was 197,500, a decrease of 9,250 from the previous week's revised average. The previous week's average was revised up by 750 from 206,000 to 206,750.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending January 14, 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 January 14 was 1,675,000, an increase of 20,000 from the previous week's revised level. The previous week's level was revised up 8,000 from 1,647,000 to 1,655,000. The 4-week moving average was 1,664,250, a decrease of 10,750 from the previous week's revised average. The previous week's average was revised up by 2,000 from 1,673,000 to 1,675,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 224,481 in the week ending January 21, a decrease of 63,849 (or -22.1 percent) from the previous week. The seasonal factors had expected a decrease of 56,437 (or -19.6 percent) from the previous week. There were 266,990 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending January 14, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,873,829, a decrease of 34,805 (or -1.8 percent) from the preceding week. The seasonal factors had expected a decrease of 56,282 (or -2.9 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 2,001,240.
The total number of continued weeks claimed for benefits in all programs for the week ending January 7 was 1,935,731, an increase of 41,922 from the previous week. There were 2,310,889 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 January 7.
Initial claims for UI benefits filed by former Federal civilian employees totaled 758 in the week ending January 14, a decrease of 190 from the prior week. There were 407 initial claims filed by newly discharged veterans, an increase of 32 from the preceding week.
There were 7,324 continued weeks claimed filed by former Federal civilian employees the week ending January 7, a decrease of 4 from the previous week. Newly discharged veterans claiming benefits totaled 4,502, an increase of 180 from the prior week.
The highest insured unemployment rates in the week ending January 7 were in New Jersey (2.5), Rhode Island (2.4), Alaska (2.3), Minnesota (2.3), California (2.2), Massachusetts (2.1), Montana (2.1), Puerto Rico (2.1), Illinois (2.0), and New York (1.9).
The largest increases in initial claims for the week ending January 14 were in California (+3,867), Kentucky (+2,559), Puerto Rico (+713), Virginia (+698), and Maryland (+446), while the largest decreases were in New York (-17,408), Michigan (-5,504), Georgia (-4,823), Wisconsin (-4,055), and New Jersey (-3,822).
Posted: January 26, 2023 Thursday 08:30 AM