Research >> Economics
Weekly Initial Unemployment Claims decrease 3,000 to 183,000
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In the week ending January 28, the advance figure for seasonally adjusted initial claims was 183,000, a decrease of 3,000 from the previous week's unrevised level of 186,000. The 4-week moving average was 191,750, a decrease of 5,750 from the previous week's unrevised average of 197,500.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending January 21, unchanged from the previous week's revised rate. The previous week's rate was revised down by 0.1 from 1.2 to 1.1 percent. The advance number for seasonally adjusted insured unemployment during the week ending January 21 was 1,655,000, a decrease of 11,000 from the previous week's revised level. The previous week's level was revised down by 9,000 from 1,675,000 to 1,666,000. The 4-week moving average was 1,651,500, a decrease of 10,500 from the previous week's revised average. The previous week's average was revised down by 2,250 from 1,664,250 to 1,662,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 224,356 in the week ending January 28, a decrease of 872 (or -0.4 percent) from the previous week. The seasonal factors had expected an increase of 3,915 (or 1.7 percent) from the previous week. There were 257,583 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending January 21, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,916,025, an increase of 52,079 (or 2.8 percent) from the preceding week. The seasonal factors had expected an increase of 64,963 (or 3.5 percent) from the previous week. A year earlier the rate was 1.5 percent and the volume was 2,034,539.
The total number of continued weeks claimed for benefits in all programs for the week ending January 14 was 1,890,277, a decrease of 45,459 from the previous week. There were 2,198,192 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 14.
Initial claims for UI benefits filed by former Federal civilian employees totaled 523 in the week ending January 21, a decrease of 235 from the prior week. There were 346 initial claims filed by newly discharged veterans, a decrease of 61 from the preceding week.
There were 7,289 continued weeks claimed filed by former Federal civilian employees the week ending January 14, a decrease of 35 from the previous week. Newly discharged veterans claiming benefits totaled 4,232, a decrease of 270 from the prior week.
The highest insured unemployment rates in the week ending January 14 were in New Jersey (2.5), Rhode Island (2.4), Alaska (2.3), Minnesota (2.2), California (2.1), Massachusetts (2.1), Puerto Rico (2.1), Illinois (2.0), Montana (2.0), and New York (1.9).
The largest increases in initial claims for the week ending January 21 were in Arkansas (+419) and the Virgin Islands (+5), while the largest decreases were in California (-15,582), New York (-4,957), Ohio (-4,396), Georgia (-3,921), and Pennsylvania (-2,700).
Posted: February 2, 2023 Thursday 08:30 AM