Research >> Economics
Weekly Initial Unemployment Claims decrease 2,000 to 190,000
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In the week ending February 25, the advance figure for seasonally adjusted initial claims was 190,000, a decrease of 2,000 from the previous week's unrevised level of 192,000. The 4-week moving average was 193,000, an increase of 1,750 from the previous week's unrevised average of 191,250.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending February 18, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 18 was 1,655,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up 6,000 from 1,654,000 to 1,660,000. The 4-week moving average was 1,671,500, an increase of 1,250 from the previous week's revised average. The previous week's average was revised up by 1,500 from 1,668,750 to 1,670,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 201,710 in the week ending February 25, a decrease of 9,297 (or -4.4 percent) from the previous week. The seasonal factors had expected a decrease of 6,540 (or -3.1 percent) from the previous week. There were 196,047 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending February 18, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,898,517, a decrease of 30,164 (or -1.6 percent) from the preceding week. The seasonal factors had expected a decrease of 24,897 (or -1.3 percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was 1,852,099.
The total number of continued weeks claimed for benefits in all programs for the week ending February 11 was 1,959,037, a decrease of 20,276 from the previous week. There were 1,971,285 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 February 11.
Initial claims for UI benefits filed by former Federal civilian employees totaled 390 in the week ending February 18, a decrease of 48 from the prior week. There were 313 initial claims filed by newly discharged veterans, a decrease of 69 from the preceding week.
There were 7,840 continued weeks claimed filed by former Federal civilian employees the week ending February 11, an increase of 125 from the previous week. Newly discharged veterans claiming benefits totaled 4,172, a decrease of 64 from the prior week.
The highest insured unemployment rates in the week ending February 11 were in New Jersey (2.7), Rhode Island (2.5), California (2.3), Massachusetts (2.3), Minnesota (2.3), Alaska (2.1), Illinois (2.1), Montana (2.0), Connecticut (1.9), New York (1.9), and Puerto Rico (1.9).
The largest increases in initial claims for the week ending February 18 were in Kentucky (+6,099), New Jersey (+1,063), Kansas (+545), Pennsylvania (+496), and District of Columbia (+378), while the largest decreases were in California (-4,706), Michigan (-2,521), New York (-2,105), Minnesota (-1,479), and Wisconsin (-1,420).
Posted: March 2, 2023 Thursday 08:30 AM