Research >> Economics
Weekly Initial Unemployment Claims increase 3,000 to 217,000
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In the week ending October 22, the advance figure for seasonally adjusted initial claims was 217,000, an increase of 3,000 from the previous week's unrevised level of 214,000. The 4-week moving average was 219,000, an increase of 6,750 from the previous week's unrevised average of 212,250.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending October 15, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 15 was 1,438,000, an increase of 55,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 1,385,000 to 1,383,000. The 4-week moving average was 1,387,500, an increase of 23,000 from the previous week's revised average. The previous week's average was revised down by 500 from 1,365,000 to 1,364,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 183,301 in the week ending October 22, an increase of 4,512 (or 2.5 percent) from the previous week. The seasonal factors had expected an increase of 2,141 (or 1.2 percent) from the previous week. There were 247,330 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending October 15, an increase of 0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,226,800, an increase of 27,703 (or 2.3 percent) from the preceding week. The seasonal factors had expected a decrease of 19,363 (or -1.6 percent) from the previous week. A year earlier the rate was 1.5 percent and the volume was 1,986,643.
The total number of continued weeks claimed for benefits in all programs for the week ending October 8 was 1,221,626, a decrease of 2,354 from the previous week. There were 2,830,692 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 October 8.
Initial claims for UI benefits filed by former Federal civilian employees totaled 464 in the week ending October 15, an increase of 7 from the prior week. There were 331 initial claims filed by newly discharged veterans, a decrease of 303 from the preceding week.
There were 5,545 continued weeks claimed filed by former Federal civilian employees the week ending October 8, a decrease of 232 from the previous week. Newly discharged veterans claiming benefits totaled 4,333, an increase of 229 from the prior week.
The highest insured unemployment rates in the week ending October 8 were in Puerto Rico (2.5), California (1.7), New Jersey (1.7), Alaska (1.3), New York (1.3), Rhode Island (1.2), Massachusetts (1.1), and Oregon (1.1).
The largest increases in initial claims for the week ending October 15 were in Missouri (+1,850), Tennessee (+285), Hawaii (+191), Iowa (+131), and Mississippi (+119), while the largest decreases were in Florida (-3,593), New York (-3,089), California (-2,817), Texas (-1,576), and Puerto Rico (-1,535).
Posted: October 27, 2022 Thursday 08:30 AM