Research >> Economics
Weekly Initial Unemployment Claims decrease 10,000 to 230,000
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In the week ending August 19, the advance figure for seasonally adjusted initial claims was 230,000, a decrease of
10,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 239,000 to
240,000. The 4-week moving average was 236,750, an increase of 2,250 from the previous week's revised average. The
previous week's average was revised up by 250 from 234,250 to 234,500.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending August 12, a
decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted
insured unemployment during the week ending August 12 was 1,702,000, a decrease of 9,000 from the previous week's
revised level. The previous week's level was revised down by 5,000 from 1,716,000 to 1,711,000. The 4-week moving
average was 1,697,250, an increase of 5,750 from the previous week's revised average. The previous week's average was
revised down by 1,250 from 1,692,750 to 1,691,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 198,357 in the week ending
August 19, a decrease of 15,446 (or -7.2 percent) from the previous week. The seasonal factors had expected a decrease
of 7,430 (or -3.5 percent) from the previous week. There were 179,220 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending August 12, unchanged from
the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,807,509, a decrease
of 6,625 (or -0.4 percent) from the preceding week. The seasonal factors had expected an increase of 3,423 (or 0.2
percent) from the previous week. A year earlier the rate was 1.0 percent and the volume was 1,414,317.
The total number of continued weeks claimed for benefits in all programs for the week ending August 5 was 1,839,165,
an increase of 4,659 from the previous week. There were 1,448,618 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 August 5.
Initial claims for UI benefits filed by former Federal civilian employees totaled 348 in the week ending August 12, a
decrease of 29 from the prior week. There were 356 initial claims filed by newly discharged veterans, a decrease of 101
from the preceding week.
There were 4,912 continued weeks claimed filed by former Federal civilian employees the week ending August 5, a
decrease of 194 from the previous week. Newly discharged veterans claiming benefits totaled 4,056, an increase of 9
from the prior week.
The highest insured unemployment rates in the week ending August 5 were in New Jersey (2.5), Puerto Rico (2.4),
California (2.2), Rhode Island (2.1), Massachusetts (2.0), New York (1.9), Oregon (1.9), Connecticut (1.8), Pennsylvania
(1.8), and Minnesota (1.7).
The largest increases in initial claims for the week ending August 12 were in Virginia (+940), Iowa (+860), Illinois
(+769), Hawaii (+664), and Arkansas (+388), while the largest decreases were in California (-3,959), Texas (-1,641),
Pennsylvania (-1,155), Michigan (-1,129), and New York (-963).
Posted: August 24, 2023 Thursday 08:30 AM