Research >> Economics
Weekly Initial Unemployment Claims decrease 5,000 to 256,000
|
In the week ending July 23, the advance figure for seasonally adjusted initial claims was 256,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up by 10,000 from 251,000 to 261,000. The 4-week moving average was 249,250, an increase of 6,250 from the previous week's revised average. The previous week's average was revised up by 2,500 from 240,500 to 243,000.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending July 16, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 16 was 1,359,000, a decrease of 25,000 from the previous week's unrevised level of 1,384,000. The 4-week moving average was 1,362,000, an increase of 8,750 from the previous week's unrevised average of 1,353,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 216,496 in the week ending July 23, a decrease of 42,417 (or -16.4 percent) from the previous week. The seasonal factors had expected a decrease of 37,622 (or -14.5 percent) from the previous week. There were 342,604 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending July 16, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,437,546, a decrease of 12,805 (or -0.9 percent) from the preceding week. The seasonal factors had expected an increase of 13,839 (or 1.0 percent) from the previous week. A year earlier the rate was 2.4 percent and the volume was 3,263,660.
The total number of continued weeks claimed for benefits in all programs for the week ending July 9 was 1,476,464, an increase of 123,430 from the previous week. There were 13,143,564 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 July 9.
Initial claims for UI benefits filed by former Federal civilian employees totaled 517 in the week ending July 16, an increase of 28 from the prior week. There were 420 initial claims filed by newly discharged veterans, an increase of 27 from the preceding week.
There were 7,184 continued weeks claimed filed by former Federal civilian employees the week ending July 9, an increase of 870 from the previous week. Newly discharged veterans claiming benefits totaled 4,295, an increase of 394 from the prior week.
The highest insured unemployment rates in the week ending July 9 were in New Jersey (2.1), Puerto Rico (2.1), California (1.9), Rhode Island (1.9), New York (1.6), Pennsylvania (1.6), Connecticut (1.5), Massachusetts (1.4), Alaska (1.3), and the Virgin Islands (1.3).
The largest increases in initial claims for the week ending July 16 were in Massachusetts (+14,142), Connecticut (+6,000), Georgia (+3,166), South Carolina (+3,149), and California (+2,681), while the largest decreases were in New York (-7,188), Ohio (-3,633), Kentucky (-1,907), New Jersey (-1,872), and Indiana (-1,865).
Posted: July 28, 2022 Thursday 08:30 AM