Research >> Economics
Weekly Initial Unemployment Claims decrease 3,000 to 229,000
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In the week ending June 11, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 229,000 to 232,000. The 4-week moving average was 218,500, an increase of 2,750 from the previous week's revised average. The previous week's average was revised up by 750 from 215,000 to 215,750.
The advance seasonally adjusted insured unemployment rate was 0.9 percent for the week ending June 4, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 4 was 1,312,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 1,306,000 to 1,309,000. The 4-week moving average was 1,317,500, a decrease of 750 from the previous week's revised average. This is the lowest level for this average since January 10, 1970 when it was 1,310,250. The previous week's average was revised up by 750 from 1,317,500 to 1,318,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 204,461 in the week ending June 11, an increase of 17,695 (or 9.5 percent) from the previous week. The seasonal factors had expected an increase of 19,953 (or 10.7 percent) from the previous week. There were 407,798 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending June 4, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,272,391, an increase of 14,059 (or 1.1 percent) from the preceding week. The seasonal factors had expected an increase of 11,785 (or 0.9 percent) from the previous week. A year earlier the rate was 2.4 percent and the volume was 3,297,988.
The total number of continued weeks claimed for benefits in all programs for the week ending May 28 was 1,282,096, a decrease of 1,441 from the previous week. There were 14,841,248 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 May 28.
Initial claims for UI benefits filed by former Federal civilian employees totaled 1,102 in the week ending June 4, an increase of 637 from the prior week. There were 343 initial claims filed by newly discharged veterans, an increase of 33 from the preceding week.
There were 5,411 continued weeks claimed filed by former Federal civilian employees the week ending May 28, a decrease of 703 from the previous week. Newly discharged veterans claiming benefits totaled 4,012, a decrease of 321 from the prior week.
The highest insured unemployment rates in the week ending May 28 were in California (1.8), New Jersey (1.8), Alaska (1.5), New York (1.4), Pennsylvania (1.3), Puerto Rico (1.3), Massachusetts (1.2), Rhode Island (1.2), Georgia (1.1), Hawaii (1.1), Illinois (1.1), and Oregon (1.1).
The largest increases in initial claims for the week ending June 4 were in Florida (+2,098), Georgia (+2,060), Pennsylvania (+1,134), Missouri (+1,053), and Illinois (+827), while the largest decreases were in Michigan (-2,131), Mississippi (-1,723), New York (-631), Oklahoma (-598), and New Jersey (-440).
Posted: June 16, 2022 Thursday 08:30 AM