Research >> Economics
Weekly Initial Unemployment Claims decrease 13,000 to 216,000
|
In the week ending September 2, the advance figure for seasonally adjusted initial claims was 216,000, a decrease of
13,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 228,000 to
229,000. The 4-week moving average was 229,250, a decrease of 8,500 from the previous week's revised average. The
previous week's average was revised up by 250 from 237,500 to 237,750.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending August 26, 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 August 26 was 1,679,000, a decrease of 40,000 from the previous
week's revised level. The previous week's level was revised down by 6,000 from 1,725,000 to 1,719,000. The 4-week
moving average was 1,701,500, a decrease of 1,250 from the previous week's revised average. The previous week's
average was revised down by 1,500 from 1,704,250 to 1,702,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 190,190 in the week ending
September 2, a decrease of 3,240 (or -1.7 percent) from the previous week. The seasonal factors had expected an increase
of 8,480 (or 4.4 percent) from the previous week. There were 172,835 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending August 26, unchanged from
the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,743,129, a decrease
of 46,742 (or -2.6 percent) from the preceding week. The seasonal factors had expected a decrease of 5,158 (or -0.3
percent) from the previous week. A year earlier the rate was 1.0 percent and the volume was 1,365,751.
2
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 190,190 in the week ending
September 2, a decrease of 3,240 (or -1.7 percent) from the previous week. The seasonal factors had expected an increase
of 8,480 (or 4.4 percent) from the previous week. There were 172,835 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending August 26, unchanged from
the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,743,129, a decrease
of 46,742 (or -2.6 percent) from the preceding week. The seasonal factors had expected a decrease of 5,158 (or -0.3
percent) from the previous week. A year earlier the rate was 1.0 percent and the volume was 1,365,751.
The total number of continued weeks claimed for benefits in all programs for the week ending August 19 was 1,814,707,
a decrease of 13,025 from the previous week. There were 1,415,169 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 August 19.
Initial claims for UI benefits filed by former Federal civilian employees totaled 371 in the week ending August 26, an
increase of 28 from the prior week. There were 374 initial claims filed by newly discharged veterans, a decrease of 5
from the preceding week.
There were 4,469 continued weeks claimed filed by former Federal civilian employees the week ending August 19, a
decrease of 362 from the previous week. Newly discharged veterans claiming benefits totaled 4,152, a decrease of 2 from
the prior week.
The highest insured unemployment rates in the week ending August 19 were in New Jersey (2.6), California (2.2), Puerto
Rico (2.1), Rhode Island (2.1), Hawaii (2.0), Massachusetts (2.0), New York (1.9), Connecticut (1.8), Oregon (1.8), and
Pennsylvania (1.8).
The largest increases in initial claims for the week ending August 26 were in New York (+3,581), Oregon (+890),
Michigan (+722), Virginia (+466), and Oklahoma (+284), while the largest decreases were in Ohio (-4,632), Missouri
(-1,583), Hawaii (-1,413), Texas (-666), and Connecticut (-464).
Posted: September 7, 2023 Thursday 08:30 AM