Research >> Economics
Weekly Initial Unemployment Claims decrease 7,000 to 221,000
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In the week ending July 22, the advance figure for seasonally adjusted initial claims was 221,000, a decrease of 7,000
from the previous week's unrevised level of 228,000. The 4-week moving average was 233,750, a decrease of 3,750 from
the previous week's unrevised average of 237,500.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending July 15, 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 15 was 1,690,000, a decrease of 59,000 from the previous week's revised
level. The previous week's level was revised down by 5,000 from 1,754,000 to 1,749,000. The 4-week moving average
was 1,719,500, a decrease of 10,750 from the previous week's revised average. The previous week's average was revised
down by 1,250 from 1,731,500 to 1,730,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 213,677 in the week ending July
22, a decrease of 44,487 (or -17.2 percent) from the previous week. The seasonal factors had expected a decrease of
37,402 (or -14.5 percent) from the previous week. There were 200,929 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending July 15, a decrease of 0.1
percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled
1,846,833, a decrease of 40,614 (or -2.2 percent) from the preceding week. The seasonal factors had expected an increase
of 24,490 (or 1.3 percent) from the previous week. A year earlier the rate was 1.0 percent and the volume was 1,443,848.
The total number of continued weeks claimed for benefits in all programs for the week ending July 8 was 1,913,225, an
increase of 165,181 from the previous week. There were 1,476,272 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 July 8.
Initial claims for UI benefits filed by former Federal civilian employees totaled 446 in the week ending July 15, an
increase of 41 from the prior week. There were 421 initial claims filed by newly discharged veterans, an increase of 63
from the preceding week.
There were 4,861 continued weeks claimed filed by former Federal civilian employees the week ending July 8, an
increase of 95 from the previous week. Newly discharged veterans claiming benefits totaled 4,035, an increase of 156
from the prior week.
The highest insured unemployment rates in the week ending July 8 were in Connecticut (2.6), New Jersey (2.5),
California (2.4), Puerto Rico (2.4), Rhode Island (2.2), Massachusetts (2.0), New York (1.9), Oregon (1.9), Minnesota
(1.8), and Pennsylvania (1.8).
The largest increases in initial claims for the week ending July 15 were in Georgia (+4,879), California (+3,875), South
Carolina (+2,376), Oregon (+1,354), and Texas (+1,267), while the largest decreases were in Michigan (-3,620),
Kentucky (-2,730), New Jersey (-2,036), New York (-1,917), and Indiana (-1,360).
Posted: July 27, 2023 Thursday 08:30 AM