Research >> Economics
Weekly Initial Unemployment Claims decrease 1,000 to 205,000
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In the week ending January 7, the advance figure for seasonally adjusted initial claims was 205,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 204,000 to 206,000. The 4-week moving average was 212,500, a decrease of 1,750 from the previous week's revised average. The previous week's average was revised up by 500 from 213,750 to 214,250.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending December 31, 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 December 31 was 1,634,000, a decrease of 63,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 1,694,000 to 1,697,000. The 4-week moving average was 1,679,500, a decrease of 8,750 from the previous week's revised average. The previous week's average was revised up by 750 from 1,687,500 to 1,688,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 339,286 in the week ending January 7, an increase of 60,799 (or 21.8 percent) from the previous week. The seasonal factors had expected an increase of 62,505 (or 22.4 percent) from the previous week. There were 414,810 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending December 31, an increase of 0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,873,668, an increase of 163,055 (or 9.5 percent) from the preceding week. The seasonal factors had expected an increase of 235,888 (or 13.8 percent) from the previous week. A year earlier the rate was 1.5 percent and the volume was 2,053,312.
The total number of continued weeks claimed for benefits in all programs for the week ending December 24 was 1,734,355, an increase of 132,576 from the previous week. There were 2,093,144 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 December 24.
Initial claims for UI benefits filed by former Federal civilian employees totaled 469 in the week ending December 31, a decrease of 106 from the prior week. There were 293 initial claims filed by newly discharged veterans, a decrease of 17 from the preceding week.
There were 6,988 continued weeks claimed filed by former Federal civilian employees the week ending December 24, a decrease of 132 from the previous week. Newly discharged veterans claiming benefits totaled 4,209, a decrease of 108 from the prior week.
The highest insured unemployment rates in the week ending December 24 were in Alaska (2.3), Minnesota (2.2), New Jersey (2.2), California (2.0), Montana (2.0), Rhode Island (2.0), Massachusetts (1.9), Puerto Rico (1.9), Washington (1.8), Illinois (1.7), and New York (1.7).
The largest increases in initial claims for the week ending December 31 were in New Jersey (+4,514), Michigan (+3,322), New York (+3,169), Massachusetts (+2,670), and Pennsylvania (+2,401), while the largest decreases were in Kentucky (-3,808), Illinois (-3,439), Texas (-3,252), Missouri (-2,882), and Minnesota (-880).
Posted: January 12, 2023 Thursday 08:30 AM