Research >> Economics
Weekly Initial Unemployment Claims decrease 12,000 to 237,000
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In the week ending July 8, the advance figure for seasonally adjusted initial claims was 237,000, a decrease of 12,000
from the previous week's revised level. The previous week's level was revised up by 1,000 from 248,000 to 249,000. The
4-week moving average was 246,750, a decrease of 6,750 from the previous week's revised average. The previous week's
average was revised up by 250 from 253,250 to 253,500.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending July 1, unchanged
from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the
week ending July 1 was 1,729,000, an increase of 11,000 from the previous week's revised level. The previous week's
level was revised down by 2,000 from 1,720,000 to 1,718,000. The 4-week moving average was 1,735,250, a decrease of
10,750 from the previous week's revised average. The previous week's average was revised down by 500 from 1,746,500
to 1,746,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 258,614 in the week ending July 8,
an increase of 6,928 (or 2.8 percent) from the previous week. The seasonal factors had expected an increase of 19,667 (or
7.8 percent) from the previous week. There were 243,485 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending July 1, unchanged from the
prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,732,041, a decrease of
5,301 (or -0.3 percent) from the preceding week. The seasonal factors had expected a decrease of 15,466 (or -0.9 percent)
from the previous week. A year earlier the rate was 0.9 percent and the volume was 1,327,199.
The total number of continued weeks claimed for benefits in all programs for the week ending June 24 was 1,764,005, an
increase of 64,431 from the previous week. There were 1,397,976 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 June 24.
Initial claims for UI benefits filed by former Federal civilian employees totaled 407 in the week ending July 1, an
increase of 47 from the prior week. There were 346 initial claims filed by newly discharged veterans, an increase of 16
from the preceding week.
There were 4,756 continued weeks claimed filed by former Federal civilian employees the week ending June 24, an
increase of 85 from the previous week. Newly discharged veterans claiming benefits totaled 3,967, a decrease of 151
from the prior week.
The highest insured unemployment rates in the week ending June 24 were in California (2.2), New Jersey (2.2), Puerto
Rico (2.2), Massachusetts (1.9), Connecticut (1.8), Rhode Island (1.8), New York (1.7), Oregon (1.7), Pennsylvania
(1.7), and Minnesota (1.6).
The largest increases in initial claims for the week ending July 1 were in Michigan (+6,792), New York (+4,152), Ohio
(+3,028), Kentucky (+2,449), and Indiana (+1,549), while the largest decreases were in Texas (-3,126), New Jersey
(-1,137), Colorado (-509), Wisconsin (-504), and Connecticut (-446).
Posted: July 13, 2023 Thursday 08:30 AM