Research >> Economics
Weekly Initial Unemployment Claims increase 2,000 to 216,000
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In the week ending December 17, the advance figure for seasonally adjusted initial claims was 216,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 211,000 to 214,000. The 4-week moving average was 221,750, a decrease of 6,250 from the previous week's revised average. The previous week's average was revised up by 750 from 227,250 to 228,000.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending December 10, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 10 was 1,672,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up 7,000 from 1,671,000 to 1,678,000. The 4-week moving average was 1,657,250, an increase of 30,250 from the previous week's revised average. The previous week's average was revised up by 1,750 from 1,625,250 to 1,627,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 247,867 in the week ending December 17, a decrease of 4,064 (or -1.6 percent) from the previous week. The seasonal factors had expected a decrease of 6,410 (or -2.5 percent) from the previous week. There were 255,021 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.1 percent during the week ending December 10, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,597,223, an increase of 85,084 (or 5.6 percent) from the preceding week. The seasonal factors had expected an increase of 90,628 (or 6.0 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 1,827,628.
The total number of continued weeks claimed for benefits in all programs for the week ending December 3 was 1,537,044, a decrease of 49,110 from the previous week. There were 2,138,003 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 3.
Initial claims for UI benefits filed by former Federal civilian employees totaled 781 in the week ending December 10, an increase of 5 from the prior week. There were 426 initial claims filed by newly discharged veterans, a decrease of 36 from the preceding week.
There were 6,876 continued weeks claimed filed by former Federal civilian employees the week ending December 3, a decrease of 56 from the previous week. Newly discharged veterans claiming benefits totaled 4,169, a decrease of 355 from the prior week.
The highest insured unemployment rates in the week ending December 3 were in Alaska (2.3), Puerto Rico (2.1), California (2.0), New Jersey (2.0), Minnesota (1.7), Montana (1.7), New York (1.6), Rhode Island (1.6), Massachusetts (1.5), and Washington (1.5).
The largest increases in initial claims for the week ending December 10 were in Connecticut (+471), District of Columbia (+237), Nevada (+157), Kentucky (+153), and Illinois (+138), while the largest decreases were in New York (-7,134), California (-4,830), Georgia (-4,273), Texas (-3,954), and Pennsylvania (-2,669).
Posted: December 22, 2022 Thursday 08:30 AM