Research >> Economics
Weekly Initial Unemployment Claims increase 27,000 to 229,000
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In the week ending June 4, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 27,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 200,000 to 202,000. The 4-week moving average was 215,000, an increase of 8,000 from the previous week's revised average. The previous week's average was revised up by 500 from 206,500 to 207,000.
The advance seasonally adjusted insured unemployment rate was 0.9 percent for the week ending May 28, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 28 was 1,306,000, unchanged from the previous week's revised level. The previous week's level was revised down by 3,000 from 1,309,000 to 1,306,000. The 4-week moving average was 1,317,500, a decrease of 9,000 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 down by 750 from 1,327,250 to 1,326,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 184,604 in the week ending June 4, an increase of 1,008 (or 0.5 percent) from the previous week. The seasonal factors had expected a decrease of 21,362 (or -11.6 percent) from the previous week. There were 364,577 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending May 28, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,255,052, a decrease of 1,631 (or -0.1 percent) from the preceding week. The seasonal factors had expected a decrease of 1,306 (or -0.1 percent) from the previous week. A year earlier the rate was 2.4 percent and the volume was 3,333,477.
The total number of continued weeks claimed for benefits in all programs for the week ending May 21 was 1,283,684, a decrease of 35,619 from the previous week. There were 15,385,233 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 21.
Initial claims for UI benefits filed by former Federal civilian employees totaled 465 in the week ending May 28, an increase of 41 from the prior week. There were 310 initial claims filed by newly discharged veterans, a decrease of 26 from the preceding week.
There were 6,114 continued weeks claimed filed by former Federal civilian employees the week ending May 21, an increase of 111 from the previous week. Newly discharged veterans claiming benefits totaled 4,333, a decrease of 44 from the prior week.
The highest insured unemployment rates in the week ending May 21 were in California (1.9), New Jersey (1.8), Alaska (1.5), New York (1.4), Puerto Rico (1.4), Pennsylvania (1.3), Illinois (1.2), Massachusetts (1.2), Rhode Island (1.2), and the Virgin Islands (1.2).
The largest increases in initial claims for the week ending May 28 were in Mississippi (+1,935), California (+1,911), New York (+1,054), Oklahoma (+753), and Michigan (+582), while the largest decreases were in Kentucky (-3,523), Pennsylvania (-2,127), Georgia (-1,762), Florida (-1,520), and Indiana (-426).
Posted: June 9, 2022 Thursday 08:30 AM