Research >> Economics
Weekly Initial Unemployment Claims decrease 5,000 to 180,000
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In the week ending April 23, the advance figure for seasonally adjusted initial claims was 180,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 184,000 to 185,000. The 4-week moving average was 179,750, an increase of 2,250 from the previous week's revised average. The previous week's average was revised up by 250 from 177,250 to 177,500.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending April 16, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 16 was 1,408,000, a decrease of 1,000 from the previous week's revised level. This is the lowest level for insured unemployment since February 7, 1970 when it was 1,397,000. The previous week's level was revised down by 8,000 from 1,417,000 to 1,409,000. The 4-week moving average was 1,455,000, a decrease of 24,500 from the previous week's revised average. This is the lowest level for this average since March 14, 1970 when it was 1,435,250. The previous week's average was revised down by 2,250 from 1,481,750 to 1,479,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 202,983 in the week ending April 23, an increase of 5,005 (or 2.5 percent) from the previous week. The seasonal factors had expected an increase of 10,371 (or 5.2 percent) from the previous week. There were 611,236 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending April 16, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,447,505, a decrease of 19,779 (or -1.3 percent) from the preceding week. The seasonal factors had expected a decrease of 18,323 (or -1.2 percent) from the previous week. A year earlier the rate was 2.7 percent and the volume was 3,776,395.
The total number of continued weeks claimed for benefits in all programs for the week ending April 9 was 1,515,902, a decrease of 105,322 from the previous week. There were 16,549,588 weekly claims filed for benefits in all programs in the comparable week in 2021.
During the week ending April 9, Extended Benefits were available in the following state: New Jersey.
Initial claims for UI benefits filed by former Federal civilian employees totaled 503 in the week ending April 16, a decrease of 33 from the prior week. There were 368 initial claims filed by newly discharged veterans, a decrease of 95 from the preceding week.
There were 8,131 continued weeks claimed filed by former Federal civilian employees the week ending April 9, a decrease of 174 from the previous week. Newly discharged veterans claiming benefits totaled 4,328, an increase of 70 from the prior week.
The highest insured unemployment rates in the week ending April 9 were in California (2.2), New Jersey (2.2), Alaska (1.9), Minnesota (1.8), New York (1.6), Rhode Island (1.6), Illinois (1.5), Massachusetts (1.5), Pennsylvania (1.3), and Puerto Rico (1.3).
The largest increases in initial claims for the week ending April 16 were in Connecticut (+1,391), New Jersey (+1,116), Rhode Island (+368), Montana (+340), and Maryland (+147), while the largest decreases were in Missouri (-7,498), Michigan (-3,509), New York (-2,956), Ohio (-2,902), and Texas (-2,330).
Posted: April 28, 2022 Thursday 08:30 AM