Research >> Economics
Weekly Initial Unemployment Claims increase 5,000 to 217,000
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In the week ending October 28, the advance figure for seasonally adjusted initial claims was 217,000, an increase of
5,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 210,000 to
212,000. The 4-week moving average was 210,000, an increase of 2,000 from the previous week's revised average. The
previous week's average was revised up by 500 from 207,500 to 208,000.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending October 21,
unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured
unemployment during the week ending October 21 was 1,818,000, an increase of 35,000 from the previous week's
revised level. The previous week's level was revised down by 7,000 from 1,790,000 to 1,783,000. The 4-week moving
average was 1,758,250, an increase of 36,500 from the previous week's revised average. The previous week's average
was revised down by 1,750 from 1,723,500 to 1,721,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 196,767 in the week ending
October 28, an increase of 2,768 (or 1.4 percent) from the previous week. The seasonal factors had expected a decrease
of 1,484 (or -0.8 percent) from the previous week. There were 185,973 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.1 percent during the week ending October 21, unchanged
from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,579,477, an
increase of 6,827 (or 0.4 percent) from the preceding week. The seasonal factors had expected a decrease of 23,180 (or -
1.5 percent) from the previous week. A year earlier the rate was 0.9 percent and the volume was 1,239,975.
The total number of continued weeks claimed for benefits in all programs for the week ending October 14 was
1,597,646, an increase of 31,233 from the previous week. There were 1,250,575 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 October 14.
Initial claims for UI benefits filed by former Federal civilian employees totaled 460 in the week ending October 21, an
increase of 21 from the prior week. There were 392 initial claims filed by newly discharged veterans, a decrease of 1
from the preceding week.
There were 4,267 continued weeks claimed filed by former Federal civilian employees the week ending October 14, an
increase of 146 from the previous week. Newly discharged veterans claiming benefits totaled 4,397, an increase of 242
from the prior week.
The highest insured unemployment rates in the week ending October 14 were in Hawaii (2.1), New Jersey (2.1),
California (2.0), Puerto Rico (1.9), New York (1.6), Massachusetts (1.5), Oregon (1.5), Rhode Island (1.5), and
Washington (1.5).
The largest increases in initial claims for the week ending October 21 were in Oregon (+3,797), New York (+1,969),
Pennsylvania (+1,293), Georgia (+1,252), and Texas (+1,144), while the largest decreases were in Tennessee (-1,092),
Michigan (-740), North Carolina (-487), Mississippi (-199), and Arkansas (-174).
Posted: November 2, 2023 Thursday 08:30 AM