Research >> Economics
Weekly Initial Unemployment Claims increase 7,000 to 207,000
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In the week ending January 1, the advance figure for seasonally adjusted initial claims was 207,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 198,000 to 200,000. The 4-week moving average was 204,500, an increase of 4,750 from the previous week's revised average. The previous week's average was revised up by 500 from 199,250 to 199,750.
The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending December 25, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 25 was 1,754,000, an increase of 36,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 1,716,000 to 1,718,000. The 4-week moving average was 1,798,750, a decrease of 61,250 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 1,730,750. The previous week's average was revised up by 500 from 1,859,500 to 1,860,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 315,469 in the week ending January 1, an increase of 57,599 (or 22.3 percent) from the previous week. The seasonal factors had expected an increase of 50,464 (or 19.6 percent) from the previous week. There were 898,610 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.4 percent during the week ending December 25, an increase of 0.2 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,871,110, an increase of 232,523 (or 14.2 percent) from the preceding week. The seasonal factors had expected an increase of 195,929 (or 12.0 percent) from the previous week. A year earlier the rate was 3.7 percent and the volume was 5,362,688.
The total number of continued weeks claimed for benefits in all programs for the week ending December 18 was 1,722,352, a decrease of 199,869 from the previous week. There were 20,155,922 weekly claims filed for benefits in all programs in the comparable week in 2020.
During the week ending December 18, Extended Benefits were available in the following 4 states: Alaska, Connecticut, New Jersey, and New Mexico.
Initial claims for UI benefits filed by former Federal civilian employees totaled 723 in the week ending December 25, an increase of 28 from the prior week. There were 273 initial claims filed by newly discharged veterans, a decrease of 94 from the preceding week.
There were 9,422 continued weeks claimed filed by former Federal civilian employees the week ending December 18, a decrease of 43 from the previous week. Newly discharged veterans claiming benefits totaled 4,236, a decrease of 528 from the prior week.
The highest insured unemployment rates in the week ending December 18 were in Alaska (3.1), the Virgin Islands (2.6), New Jersey (2.3), California (2.2), Minnesota (2.2), Puerto Rico (2.0), Illinois (1.9), Massachusetts (1.9), New York (1.8), and Rhode Island (1.8).
The largest increases in initial claims for the week ending December 25 were in New Jersey (+4,660), Pennsylvania (+3,320), Ohio (+2,615), Michigan (+2,440), and New York (+2,287), while the largest decreases were in California (-7,320), Texas (-3,955), Virginia (-2,183), Alabama (-1,293), and Wisconsin (-1,181).
Posted: January 6, 2022 Thursday 08:30 AM