Research >> Economics
Weekly Initial Unemployment Claims increase 17,000 to 240,000
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In the week ending November 19, the advance figure for seasonally adjusted initial claims was 240,000, an increase of 17,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 226,750, an increase of 5,500 from the previous week's revised average. The previous week's average was revised up by 250 from 221,000 to 221,250.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending November 12, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 12 was 1,551,000, an increase of 48,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 1,507,000 to 1,503,000. The 4-week moving average was 1,509,750, an increase of 28,250 from the previous week's unrevised average of 1,481,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 248,185 in the week ending November 19, an increase of 47,909 (or 23.9 percent) from the previous week. The seasonal factors had expected an increase of 30,554 (or 15.3 percent) from the previous week. There were 253,369 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending November 12, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,341,269, an increase of 107,509 (or 8.7 percent) from the preceding week. The seasonal factors had expected an increase of 66,121 (or 5.4 percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was 1,820,572.
The total number of continued weeks claimed for benefits in all programs for the week ending November 5 was 1,256,068, a decrease of 50,474 from the previous week. There were 2,284,791 weekly claims filed for benefits in all programs in the comparable week in 2021.
No state was triggered "on" the Extended Benefits program during the week ending November 5.
Initial claims for UI benefits filed by former Federal civilian employees totaled 717 in the week ending November 12, an increase of 161 from the prior week. There were 373 initial claims filed by newly discharged veterans, a decrease of 21 from the preceding week.
There were 5,699 continued weeks claimed filed by former Federal civilian employees the week ending November 5, a decrease of 100 from the previous week. Newly discharged veterans claiming benefits totaled 4,036, a decrease of 133 from the prior week.
The highest insured unemployment rates in the week ending November 5 were in Rhode Island (2.1), Alaska (1.9), Puerto Rico (1.8), New Jersey (1.7), California (1.6), New York (1.4), Massachusetts (1.3), Nevada (1.1), Oregon (1.1), and Washington (1.1).
The largest increases in initial claims for the week ending November 12 were in Minnesota (+1,971), North Carolina (+1,141), New Jersey (+1,020), Montana (+918), and Pennsylvania (+607), while the largest decreases were in Kentucky (-3,330), Georgia (-1,726), Florida (-1,302), Indiana (-1,136), and Texas (-1,091).
Posted: November 23, 2022 Wednesday 08:30 AM