Research >> Economics
Weekly Initial Unemployment Claims increase 9,000 to 244,000
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In the week ending July 9, the advance figure for seasonally adjusted initial claims was 244,000, an increase of 9,000 from the previous week's unrevised level of 235,000. The 4-week moving average was 235,750, an increase of 3,250 from the previous week's unrevised average of 232,500.
The advance seasonally adjusted insured unemployment rate was 0.9 percent for the week ending July 2, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 2 was 1,331,000, a decrease of 41,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 1,375,000 to 1,372,000. The 4-week moving average was 1,339,500, an increase of 5,250 from the previous week's revised average. The previous week's average was revised down by 750 from 1,335,000 to 1,334,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 241,314 in the week ending July 9, an increase of 21,384 (or 9.7 percent) from the previous week. The seasonal factors had expected an increase of 12,467 (or 5.7 percent) from the previous week. There were 388,662 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending July 2, a decrease of 0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,327,106, a decrease of 47,261 (or -3.4 percent) from the preceding week. The seasonal factors had expected a decrease of 6,858 (or -0.5 percent) from the previous week. A year earlier the rate was 2.3 percent and the volume was 3,125,391.
The total number of continued weeks claimed for benefits in all programs for the week ending June 25 was 1,400,350, an increase of 72,504 from the previous week. There were 13,815,884 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 June 25.
Initial claims for UI benefits filed by former Federal civilian employees totaled 442 in the week ending July 2, a decrease of 51 from the prior week. There were 411 initial claims filed by newly discharged veterans, an increase of 67 from the preceding week.
There were 6,732 continued weeks claimed filed by former Federal civilian employees the week ending June 25, an increase of 395 from the previous week. Newly discharged veterans claiming benefits totaled 4,224, an increase of 146 from the prior week.
The highest insured unemployment rates in the week ending June 25 were in New Jersey (2.0), California (1.9), Puerto Rico (1.9), Rhode Island (1.6), Pennsylvania (1.5), Massachusetts (1.4), New York (1.4), Alaska (1.3), and Georgia (1.3).
The largest increases in initial claims for the week ending July 2 were in New York (+5,165), Michigan (+5,104), Georgia (+2,935), California (+2,823), and Mississippi (+1,364), while the largest decreases were in Illinois (-1,508), Kentucky (-1,232), Missouri (-1,061), Ohio (-998), and Pennsylvania (-971).
Posted: July 14, 2022 Thursday 08:30 AM