Research >> Economics
Weekly Initial Unemployment Claims increase 7,000 to 225,000
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In the week ending November 5, the advance figure for seasonally adjusted initial claims was 225,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 217,000 to 218,000. The 4-week moving average was 218,750, a decrease of 250 from the previous week's revised average. The previous week's average was revised up by 250 from 218,750 to 219,000.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending October 29, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 29 was 1,493,000, an increase of 6,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 1,485,000 to 1,487,000. The 4-week moving average was 1,450,250, an increase of 32,250 from the previous week's revised average. The previous week's average was revised up by 500 from 1,417,500 to 1,418,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 205,027 in the week ending November 5, an increase of 19,054 (or 10.2 percent) from the previous week. The seasonal factors had expected an increase of 12,181 (or 6.5 percent) from the previous week. There were 257,033 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending October 29, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,263,154, an increase of 23,190 (or 1.9 percent) from the preceding week. The seasonal factors had expected an increase of 17,841 (or 1.4 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 1,952,923.
The total number of continued weeks claimed for benefits in all programs for the week ending October 22 was 1,263,094, an increase of 12,522 from the previous week. There were 2,565,881 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 October 22.
Initial claims for UI benefits filed by former Federal civilian employees totaled 676 in the week ending October 29, an increase of 119 from the prior week. There were 369 initial claims filed by newly discharged veterans, a decrease of 20 from the preceding week.
There were 5,659 continued weeks claimed filed by former Federal civilian employees the week ending October 22, a decrease of 198 from the previous week. Newly discharged veterans claiming benefits totaled 4,287, a decrease of 105 from the prior week.
The highest insured unemployment rates in the week ending October 22 were in Puerto Rico (1.9), California (1.8), New Jersey (1.8), Alaska (1.6), New York (1.3), Massachusetts (1.2), Rhode Island (1.2), Nevada (1.1), and Oregon (1.1).
The largest increases in initial claims for the week ending October 29 were in California (+1,989), Oregon (+1,541), Washington (+693), Illinois (+457), and Minnesota (+456), while the largest decreases were in Florida (-1,534), Kentucky (-1,007), North Carolina (-659), Arkansas (-517), and South Carolina (-471).
Posted: November 10, 2022 Thursday 08:30 AM