Research >> Economics
Weekly Initial Unemployment Claims decrease 9,000 to 218,000
|
In the week ending February 3, the advance figure for seasonally adjusted initial claims was 218,000, a decrease of
9,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 224,000 to
227,000. The 4-week moving average was 212,250, an increase of 3,750 from the previous week's revised average. The
previous week's average was revised up by 750 from 207,750 to 208,500.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending January 27, 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 January 27 was 1,871,000, a decrease of 23,000 from the previous
week's revised level. The previous week's level was revised down by 4,000 from 1,898,000 to 1,894,000. The 4-week
moving average was 1,849,750, an increase of 9,500 from the previous week's revised average. The previous week's
average was revised down by 1,000 from 1,841,250 to 1,840,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 232,727 in the week ending
February 3, a decrease of 31,192 (or -11.8 percent) from the previous week. The seasonal factors had expected a decrease
of 22,220 (or -8.4 percent) from the previous week. There were 234,007 initial claims in the comparable week in 2023.
The advance unadjusted insured unemployment rate was 1.4 percent during the week ending January 27, a decrease of
0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs
totaled 2,137,027, a decrease of 44,394 (or -2.0 percent) from the preceding week. The seasonal factors had expected a
decrease of 18,936 (or -0.9 percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was
1,925,707.
The total number of continued weeks claimed for benefits in all programs for the week ending January 20 was 2,212,470,
an increase of 131,468 from the previous week. There were 1,942,693 weekly claims filed for benefits in all programs in
the comparable week in 2023.
No state was triggered "on" the Extended Benefits program during the week ending January 20.
Initial claims for UI benefits filed by former Federal civilian employees totaled 502 in the week ending January 27, an
increase of 82 from the prior week. There were 370 initial claims filed by newly discharged veterans, an increase of 13
from the preceding week.
There were 7,383 continued weeks claimed filed by former Federal civilian employees the week ending January 20, an
increase of 675 from the previous week. Newly discharged veterans claiming benefits totaled 4,491, an increase of 305
from the prior week.
The highest insured unemployment rates in the week ending January 20 were in New Jersey (2.8), Rhode Island (2.7),
Minnesota (2.6), California (2.5), Massachusetts (2.4), Illinois (2.3), Montana (2.3), Alaska (2.2), Oregon (2.1),
Pennsylvania (2.1), and Washington (2.1).
The largest increases in initial claims for the week ending January 27 were in Oregon (+5,458), California (+5,015), New
York (+4,133), Georgia (+1,032), and Texas (+900), while the largest decreases were in Illinois (-2,278), Missouri
(-1,588), Massachusetts (-898), Montana (-717), and New Jersey (-507).
Posted: February 8, 2024 Thursday 08:30 AM