Research >> Economics
Weekly Initial Unemployment Claims increase 21,000 to 248,000
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In the week ending August 5, the advance figure for seasonally adjusted initial claims was 248,000, an increase of
21,000 from the previous week's unrevised level of 227,000. The 4-week moving average was 231,000, an increase of
2,750 from the previous week's unrevised average of 228,250.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending July 29, unchanged
from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the
week ending July 29 was 1,684,000, a decrease of 8,000 from the previous week's revised level. The previous week's
level was revised down by 8,000 from 1,700,000 to 1,692,000. The 4-week moving average was 1,701,000, a decrease of
9,250 from the previous week's revised average. The previous week's average was revised down by 2,000 from 1,712,250
to 1,710,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 225,581 in the week ending
August 5, an increase of 20,032 (or 9.7 percent) from the previous week. The seasonal factors had expected an increase
of 1,363 (or 0.7 percent) from the previous week. There were 196,308 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending July 29, unchanged from the
prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,810,791, a decrease of
16,576 (or -0.9 percent) from the preceding week. The seasonal factors had expected a decrease of 8,460 (or -0.5 percent)
from the previous week. A year earlier the rate was 1.0 percent and the volume was 1,457,158.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 225,581 in the week ending
August 5, an increase of 20,032 (or 9.7 percent) from the previous week. The seasonal factors had expected an increase
of 1,363 (or 0.7 percent) from the previous week. There were 196,308 initial claims in the comparable week in 2022.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending July 29, unchanged from the
prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,810,791, a decrease of
16,576 (or -0.9 percent) from the preceding week. The seasonal factors had expected a decrease of 8,460 (or -0.5 percent)
from the previous week. A year earlier the rate was 1.0 percent and the volume was 1,457,158.
The total number of continued weeks claimed for benefits in all programs for the week ending July 22 was 1,852,152, a
decrease of 8,484 from the previous week. There were 1,476,365 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 22.
Initial claims for UI benefits filed by former Federal civilian employees totaled 385 in the week ending July 29, an
increase of 14 from the prior week. There were 377 initial claims filed by newly discharged veterans, a decrease of 1
from the preceding week.
There were 4,910 continued weeks claimed filed by former Federal civilian employees the week ending July 22, an
increase of 41 from the previous week. Newly discharged veterans claiming benefits totaled 4,016, a decrease of 9 from
the prior week.
The highest insured unemployment rates in the week ending July 22 were in New Jersey (2.6), California (2.3), Puerto
Rico (2.2), Rhode Island (2.1), Massachusetts (2.0), Connecticut (1.9), New York (1.8), Oregon (1.8), Pennsylvania
(1.8), and Minnesota (1.7).
The largest increases in initial claims for the week ending July 29 were in Missouri (+2,644), New Jersey (+730), Illinois
(+723), Florida (+533), and Tennessee (+365), while the largest decreases were in California (-3,108), Ohio (-2,952),
Georgia (-1,373), Texas (-1,102), and New York (-1,001).
Posted: August 10, 2023 Thursday 08:30 AM