Research >> Economics
Weekly Initial Unemployment Claims increase 6,000 to 227,000
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In the week ending July 29, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 6,000
from the previous week's unrevised level of 221,000. The 4-week moving average was 228,250, a decrease of 5,500 from
the previous week's unrevised average of 233,750.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending July 22, unchanged
from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the
week ending July 22 was 1,700,000, an increase of 21,000 from the previous week's revised level. The previous week's
level was revised down by 11,000 from 1,690,000 to 1,679,000. The 4-week moving average was 1,712,250, a decrease
of 4,500 from the previous week's revised average. The previous week's average was revised down by 2,750 from
1,719,500 to 1,716,750.
The advance number of actual initial claims under state programs, unadjusted, totaled 205,012 in the week ending July
29, a decrease of 8,485 (or -4.0 percent) from the previous week. The seasonal factors had expected a decrease of 13,895
(or -6.5 percent) from the previous week. There were 196,116 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending July 22, unchanged from the
prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,836,440, an increase of
836 (or 0.0 percent) from the preceding week. The seasonal factors had expected a decrease of 21,832 (or -1.2 percent)
from the previous week. A year earlier the rate was 1.0 percent and the volume was 1,451,592.
The total number of continued weeks claimed for benefits in all programs for the week ending July 15 was 1,860,627, a
decrease of 52,732 from the previous week. There were 1,469,133 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 July 15.
Initial claims for UI benefits filed by former Federal civilian employees totaled 371 in the week ending July 22, a
decrease of 76 from the prior week. There were 378 initial claims filed by newly discharged veterans, a decrease of 44
from the preceding week.
There were 4,869 continued weeks claimed filed by former Federal civilian employees the week ending July 15, an
increase of 6 from the previous week. Newly discharged veterans claiming benefits totaled 4,025, a decrease of 9 from
the prior week.
The highest insured unemployment rates in the week ending July 15 were in Puerto Rico (2.6), New Jersey (2.5),
California (2.3), Rhode Island (2.2), Connecticut (2.1), Massachusetts (2.0), New York (1.8), Oregon (1.8), Pennsylvania
(1.8), and Minnesota (1.7).
The largest increases in initial claims for the week ending July 22 were in Vermont (+239), Oklahoma (+93), West
Virginia (+41), Virgin Islands (+23), and South Dakota (+8), while the largest decreases were in New York (-9,526),
California (-5,310), Georgia (-2,853), Pennsylvania (-2,816), and South Carolina (-2,545).
Posted: August 3, 2023 Thursday 08:30 AM