Research >> Economics
Weekly Initial Unemployment Claims increase 12,000 to 218,000
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In the week ending December 23, the advance figure for seasonally adjusted initial claims was 218,000, an increase of
12,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 205,000 to
206,000. The 4-week moving average was 212,000, a decrease of 250 from the previous week's revised average. The
previous week's average was revised up by 250 from 212,000 to 212,250.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending December 16, an
increase of 0.1 percentage point from the previous week's revised rate. The previous week's rate was revised down by 0.1
from 1.3 to 1.2 percent. The advance number for seasonally adjusted insured unemployment during the week ending
December 16 was 1,875,000, an increase of 14,000 from the previous week's revised level. The previous week's level
was revised down by 4,000 from 1,865,000 to 1,861,000. The 4-week moving average was 1,864,500, a decrease of
12,500 from the previous week's revised average. The previous week's average was revised down by 1,000 from
1,878,000 to 1,877,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 272,610 in the week ending
December 23, an increase of 31,570 (or 13.1 percent) from the previous week. The seasonal factors had expected an
increase of 16,467 (or 6.8 percent) from the previous week. There were 269,877 initial claims in the comparable week in
2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending December 16, unchanged
from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,826,178, a
decrease of 9,236 (or -0.5 percent) from the preceding week. The seasonal factors had expected a decrease of 22,338 (or -
1.2 percent) from the previous week. A year earlier the rate was 1.1 percent and the volume was 1,577,004.
The total number of continued weeks claimed for benefits in all programs for the week ending December 9 was
1,863,707, an increase of 68,973 from the previous week. There were 1,620,130 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 December 9.
Initial claims for UI benefits filed by former Federal civilian employees totaled 514 in the week ending December 16, a
decrease of 233 from the prior week. There were 355 initial claims filed by newly discharged veterans, a decrease of 34
from the preceding week.
There were 6,272 continued weeks claimed filed by former Federal civilian employees the week ending December 9, an
increase of 141 from the previous week. Newly discharged veterans claiming benefits totaled 4,383, an increase of 106
from the prior week.
The highest insured unemployment rates in the week ending December 9 were in New Jersey (2.3), Alaska (2.2),
California (2.2), Minnesota (2.0), Montana (2.0), Massachusetts (1.9), Puerto Rico (1.9), Washington (1.9), Illinois (1.8),
New York (1.8), and Rhode Island (1.8).
The largest increases in initial claims for the week ending December 16 were in Ohio (+1,304), Oklahoma (+1,029),
Michigan (+580), Connecticut (+472), and Massachusetts (+432), while the largest decreases were in California (-3,834),
Georgia (-1,684), Pennsylvania (-588), Arkansas (-541), and Minnesota (-500).
Posted: December 28, 2023 Thursday 08:30 AM