Research >> Economics
Weekly Initial Unemployment Claims decrease 1,000 to 194,000
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In the week ending February 11, the advance figure for seasonally adjusted initial claims was 194,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 196,000 to 195,000. The 4-week moving average was 189,500, an increase of 500 from the previous week's revised average. The previous week's average was revised down by 250 from 189,250 to 189,000.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending February 4, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 4 was 1,696,000, an increase of 16,000 from the previous week's revised level. The previous week's level was revised down by 8,000 from 1,688,000 to 1,680,000. The 4-week moving average was 1,673,000, an increase of 10,250 from the previous week's revised average. The previous week's average was revised down by 2,000 from 1,664,750 to 1,662,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 224,727 in the week ending February 11, a decrease of 9,280 (or -4.0 percent) from the previous week. The seasonal factors had expected a decrease of 8,190 (or -3.5 percent) from the previous week. There were 239,812 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending February 4, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,954,081, an increase of 29,190 (or 1.5 percent) from the preceding week. The seasonal factors had expected an increase of 10,078 (or 0.5 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 1,971,486.
The total number of continued weeks claimed for benefits in all programs for the week ending January 28 was 1,952,795, an increase of 10,109 from the previous week. There were 2,063,573 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 January 28.
Initial claims for UI benefits filed by former Federal civilian employees totaled 501 in the week ending February 4, an increase of 16 from the prior week. There were 401 initial claims filed by newly discharged veterans, an increase of 14 from the preceding week.
There were 7,722 continued weeks claimed filed by former Federal civilian employees the week ending January 28, a decrease of 89 from the previous week. Newly discharged veterans claiming benefits totaled 4,280, a decrease of 286 from the prior week.
The highest insured unemployment rates in the week ending January 28 were in New Jersey (2.6), Rhode Island (2.5), California (2.3), Minnesota (2.3), Alaska (2.2), Massachusetts (2.2), Montana (2.1), Illinois (2.0), Puerto Rico (2.0), Connecticut (1.9), and New York (1.9).
The largest increases in initial claims for the week ending February 4 were in California (+6,820), Ohio (+3,528), Illinois (+1,533), Kansas (+611), and Florida (+568), while the largest decreases were in Georgia (-1,463), New Jersey (-1,291), Texas (-859), Oregon (-692), and Arkansas (-632).
Posted: February 16, 2023 Thursday 08:30 AM