Research >> Economics
Weekly Initial Unemployment Claims increase 7,000 to 198,000
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In the week ending March 25, the advance figure for seasonally adjusted initial claims was 198,000, an increase of 7,000 from the previous week's unrevised level of 191,000. The 4-week moving average was 198,250, an increase of 2,000 from the previous week's unrevised average of 196,250.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending March 18, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 18 was 1,689,000, an increase of 4,000 from the previous week's revised level. The previous week's level was revised down by 9,000 from 1,694,000 to 1,685,000. The 4-week moving average was 1,691,750, an increase of 10,000 from the previous week's revised average. The previous week's average was revised down by 2,250 from 1,684,000 to 1,681,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 223,913 in the week ending March 25, an increase of 10,906 (or 5.1 percent) from the previous week. The seasonal factors had expected an increase of 3,051 (or 1.4 percent) from the previous week. There were 196,811 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending March 18, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,884,710, an increase of 6,445 (or 0.3 percent) from the preceding week. The seasonal factors had expected an increase of 1,685 (or 0.1 percent) from the previous week. A year earlier the rate was 1.2 percent and the volume was 1,671,160.
The total number of continued weeks claimed for benefits in all programs for the week ending March 11 was 1,906,497, a decrease of 32,255 from the previous week. There were 1,775,830 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 March 11.
Initial claims for UI benefits filed by former Federal civilian employees totaled 372 in the week ending March 18, an increase of 19 from the prior week. There were 305 initial claims filed by newly discharged veterans, a decrease of 31 from the preceding week.
There were 6,798 continued weeks claimed filed by former Federal civilian employees the week ending March 11, an increase of 76 from the previous week. Newly discharged veterans claiming benefits totaled 3,952, a decrease of 277 from the prior week.
The highest insured unemployment rates in the week ending March 11 were in New Jersey (2.6), Rhode Island (2.4), California (2.3), Massachusetts (2.3), Minnesota (2.2), Illinois (2.0), Alaska (1.9), Montana (1.9), New York (1.9), and Connecticut (1.8).
The largest increases in initial claims for the week ending March 18 were in Massachusetts (+1,293), Mississippi (+729), Georgia (+627), District of Columbia (+607), and Tennessee (+513), while the largest decreases were in California (-2,813), Illinois (-1,085), New York (-1,056), New Jersey (-678), and Michigan (-644).
Posted: March 30, 2023 Thursday 08:30 AM