Research >> Economics
Weekly Initial Unemployment Claims increase 25,000 to 214,000
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n the week ending January 20, the advance figure for seasonally adjusted initial claims was 214,000, an increase of
25,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 187,000 to
189,000. The 4-week moving average was 202,250, a decrease of 1,500 from the previous week's revised average. The
previous week's average was revised up by 500 from 203,250 to 203,750.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending January 13,
unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured
unemployment during the week ending January 13 was 1,833,000, an increase of 27,000 from the previous week's
unrevised level of 1,806,000. The 4-week moving average was 1,835,000, a decrease of 13,250 from the previous week's
revised average. The previous week's average was revised up by 250 from 1,848,000 to 1,848,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 248,955 in the week ending
January 20, a decrease of 42,375 (or -14.5 percent) from the previous week. The seasonal factors had expected a decrease
of 71,558 (or -24.6 percent) from the previous week. There were 225,228 initial claims in the comparable week in 2023.
The advance unadjusted insured unemployment rate was 1.4 percent during the week ending January 13, unchanged from
the prior week. The advance unadjusted level of insured unemployment in state programs totaled 2,057,906, a decrease
of 64,633 (or -3.0 percent) from the preceding week. The seasonal factors had expected a decrease of 93,934 (or -4.4
percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was 1,863,956.
The total number of continued weeks claimed for benefits in all programs for the week ending January 6 was 2,148,140,
an increase of 17,359 from the previous week. There were 1,935,736 weekly claims filed for benefits in all programs in
the comparable week in 2023.
No state was triggered "on" the Extended Benefits program during the week ending January 6.
Initial claims for UI benefits filed by former Federal civilian employees totaled 762 in the week ending January 13, an
increase of 119 from the prior week. There were 415 initial claims filed by newly discharged veterans, an increase of 40
from the preceding week.
There were 6,766 continued weeks claimed filed by former Federal civilian employees the week ending January 6, an
increase of 189 from the previous week. Newly discharged veterans claiming benefits totaled 4,526, an increase of 428
from the prior week.
The highest insured unemployment rates in the week ending January 6 were in New Jersey (2.7), Rhode Island (2.6),
Minnesota (2.5), California (2.4), Alaska (2.3), Massachusetts (2.3), Illinois (2.2), Puerto Rico (2.2), Montana (2.1), and
Washington (2.1).
The largest increases in initial claims for the week ending January 13 were in Texas (+2,433), California (+1,949),
Oregon (+1,111), Kansas (+1,054), and Florida (+1,025), while the largest decreases were in New York (-17,358),
Wisconsin (-4,505), Michigan (-4,427), Pennsylvania (-3,835), and South Carolina (-3,042)
Posted: January 25, 2024 Thursday 08:30 AM