Research >> Economics
Weekly Initial Unemployment Claims increase 29,000 to 219,000
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In the week ending October 1, the advance figure for seasonally adjusted initial claims was 219,000, an increase of 29,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 193,000 to 190,000. The 4-week moving average was 206,500, an increase of 250 from the previous week's revised average. The previous week's average was revised down by 750 from 207,000 to 206,250.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending September 24, 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 1.0 to 0.9 percent. The advance number for seasonally adjusted insured unemployment during the week ending September 24 was 1,361,000, an increase of 15,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 1,347,000 to 1,346,000. The 4-week moving average was 1,370,750, a decrease of 10,250 from the previous week's revised average. The previous week's average was revised down by 250 from 1,381,250 to 1,381,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 167,083 in the week ending October 1, an increase of 13,264 (or 8.6 percent) from the previous week. The seasonal factors had expected a decrease of 8,567 (or -5.6 percent) from the previous week. There were 261,927 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending September 24, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,228,583, an increase of 4,140 (or 0.3 percent) from the preceding week. The seasonal factors had expected a decrease of 9,419 (or -0.8 percent) from the previous week. A year earlier the rate was 1.8 percent and the volume was 2,404,346.
The total number of continued weeks claimed for benefits in all programs for the week ending September 17 was 1,246,900, a decrease of 55,459 from the previous week. There were 4,174,821 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 September 17.
Initial claims for UI benefits filed by former Federal civilian employees totaled 345 in the week ending September 24, a decrease of 30 from the prior week. There were 385 initial claims filed by newly discharged veterans, an increase of 45 from the preceding week.
There were 5,894 continued weeks claimed filed by former Federal civilian employees the week ending September 17, a decrease of 322 from the previous week. Newly discharged veterans claiming benefits totaled 4,333, a decrease of 60 from the prior week.
The highest insured unemployment rates in the week ending September 17 were in New Jersey (1.8), California (1.7), Puerto Rico (1.6), New York (1.4), Alaska (1.2), Massachusetts (1.2), Rhode Island (1.2), Connecticut (1.1), and Nevada (1.1).
The largest increases in initial claims for the week ending September 24 were in Ohio (+1,586), North Carolina (+289), Tennessee (+286), Arkansas (+38), and Arizona (+35), while the largest decreases were in Michigan (-5,715), New York (-1,404), New Jersey (-1,400), Missouri (-966), and Georgia (-799).
Posted: October 6, 2022 Thursday 08:00 AM