Research >> Economics
Weekly Initial Unemployment Claims increase 13,000 to 196,000
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In the week ending February 4, the advance figure for seasonally adjusted initial claims was 196,000, an increase of 13,000 from the previous week's unrevised level of 183,000. The 4-week moving average was 189,250, a decrease of 2,500 from the previous week's unrevised average of 191,750.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending January 28, 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 January 28 was 1,688,000, an increase of 38,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 1,655,000 to 1,650,000. The 4-week moving average was 1,664,750, an increase of 14,500 from the previous week's revised average. The previous week's average was revised down by 1,250 from 1,651,500 to 1,650,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 234,654 in the week ending February 4, an increase of 9,628 (or 4.3 percent) from the previous week. The seasonal factors had expected a decrease of 5,310 (or -2.4 percent) from the previous week. There were 230,740 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending January 28, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,934,854, an increase of 23,663 (or 1.2 percent) from the preceding week. The seasonal factors had expected a decrease of 19,805 (or -1.0 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 1,999,446.
The total number of continued weeks claimed for benefits in all programs for the week ending January 21 was 1,942,676, an increase of 52,388 from the previous week. There were 2,238,754 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 January 21.
Initial claims for UI benefits filed by former Federal civilian employees totaled 485 in the week ending January 28, a decrease of 38 from the prior week. There were 387 initial claims filed by newly discharged veterans, an increase of 41 from the preceding week.
There were 7,811 continued weeks claimed filed by former Federal civilian employees the week ending January 21, an increase of 522 from the previous week. Newly discharged veterans claiming benefits totaled 4,566, an increase of 334 from the prior week.
The highest insured unemployment rates in the week ending January 21 were in New Jersey (2.6), Rhode Island (2.4), California (2.3), Alaska (2.2), Minnesota (2.2), Massachusetts (2.1), Montana (2.0), Puerto Rico (2.0), Illinois (1.9), and New York (1.9).
The largest increases in initial claims for the week ending January 28 were in Georgia (+2,070), New York (+949), New Jersey (+847), Oregon (+801), and Wisconsin (+569), while the largest decreases were in Kentucky (-3,402), California (-2,551), Ohio (-1,105), Arkansas (-568), and Michigan (-359).
Posted: February 9, 2023 Thursday 08:30 AM