Research >> Economics
Weekly Initial Unemployment Claims increase 7,000 to 218,000
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In the week ending November 25, the advance figure for seasonally adjusted initial claims was 218,000, an increase of
7,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 209,000 to
211,000. The 4-week moving average was 220,000, a decrease of 500 from the previous week's revised average. The
previous week's average was revised up by 500 from 220,000 to 220,500.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending November 18, an
increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted
insured unemployment during the week ending November 18 was 1,927,000, an increase of 86,000 from the previous
week's revised level. This is the highest level for insured unemployment since November 27, 2021 when it was
1,964,000. The previous week's level was revised up 1,000 from 1,840,000 to 1,841,000. The 4-week moving average
was 1,865,750, an increase of 28,750 from the previous week's revised average. This is the highest level for this average
since December 11, 2021 when it was 1,888,250. The previous week's average was revised up by 250 from 1,836,750 to
1,837,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 198,843 in the week ending
November 25, a decrease of 42,136 (or -17.5 percent) from the previous week. The seasonal factors had expected a
decrease of 48,111 (or -20.0 percent) from the previous week. There were 199,323 initial claims in the comparable week
in 2022.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending November 18, a decrease of
0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs
totaled 1,556,915, a decrease of 97,803 (or -5.9 percent) from the preceding week. The seasonal factors had expected a
decrease of 167,496 (or -10.1 percent) from the previous week. A year earlier the rate was 0.9 percent and the volume
was 1,261,674.
The total number of continued weeks claimed for benefits in all programs for the week ending November 11 was
1,681,412, an increase of 77,704 from the previous week. There were 1,367,396 weekly claims filed for benefits in all
programs in the comparable week in 2022.
No state was triggered "on" the Extended Benefits program during the week ending November 11.
Initial claims for UI benefits filed by former Federal civilian employees totaled 662 in the week ending November 18, an
increase of 7 from the prior week. There were 396 initial claims filed by newly discharged veterans, an increase of 66
from the preceding week.
There were 5,179 continued weeks claimed filed by former Federal civilian employees the week ending November 11, an
increase of 438 from the previous week. Newly discharged veterans claiming benefits totaled 4,305, an increase of 262
from the prior week.
The highest insured unemployment rates in the week ending November 11 were in New Jersey (2.2), California (2.1),
Alaska (2.0), Hawaii (1.9), Puerto Rico (1.7), Washington (1.7), Massachusetts (1.6), New York (1.6), Oregon (1.6), and
Rhode Island (1.6).
The largest increases in initial claims for the week ending November 18 were in California (+7,351), Oregon (+3,461),
Kentucky (+1,925), Illinois (+1,359), and Iowa (+1,182), while the largest decreases were in Texas (-896), New York
(-616), North Carolina (-537), Utah (-487), and Indiana (-447).
Posted: November 30, 2023 Thursday 09:47 AM