Research >> Economics
Weekly Initial Unemployment Claims Decrease 1,000 to 209,000
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In the week ending March 9, the advance figure for seasonally adjusted initial claims was 209,000, a decrease of 1,000
from the previous week's revised level. The previous week's level was revised down by 7,000 from 217,000 to 210,000.
The 4-week moving average was 208,000, a decrease of 500 from the previous week's revised average. The previous
week's average was revised down by 3,750 from 212,250 to 208,500.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending March 2, unchanged
from the previous week's revised rate. The previous week's rate was revised down by 0.1 from 1.3 to 1.2 percent. The
advance number for seasonally adjusted insured unemployment during the week ending March 2 was 1,811,000, an
increase of 17,000 from the previous week's revised level. The previous week's level was revised down by 112,000 from
1,906,000 to 1,794,000. The 4-week moving average was 1,799,250, an increase of 2,000 from the previous week's
revised average. The previous week's average was revised down by 91,000 from 1,888,250 to 1,797,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 199,952 in the week ending March
9, a decrease of 14,472 (or -6.7 percent) from the previous week. The seasonal factors had expected a decrease of 13,244
(or -6.2 percent) from the previous week. There were 210,665 initial claims in the comparable week in 2023.
The advance unadjusted insured unemployment rate was 1.4 percent during the week ending March 2, unchanged from
the prior week. The advance unadjusted level of insured unemployment in state programs totaled 2,087,560, a decrease
of 25,496 (or -1.2 percent) from the preceding week. The seasonal factors had expected a decrease of 44,844 (or -2.1
percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was 1,910,050.
The total number of continued weeks claimed for benefits in all programs for the week ending February 24 was
2,143,864, an increase of 22,432 from the previous week. There were 2,000,248 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 February 24.
Initial claims for UI benefits filed by former Federal civilian employees totaled 393 in the week ending March 2, an
increase of 63 from the prior week. There were 407 initial claims filed by newly discharged veterans, an increase of 84
from the preceding week.
There were 6,869 continued weeks claimed filed by former Federal civilian employees the week ending February 24, an
increase of 280 from the previous week. Newly discharged veterans claiming benefits totaled 4,298, an increase of 114
from the prior week.
The highest insured unemployment rates in the week ending February 24 were in Rhode Island (3.1), New Jersey (2.9),
Massachusetts (2.6), California (2.4), Minnesota (2.4), Illinois (2.2), New York (2.2), Connecticut (2.1), Montana (2.0),
and Pennsylvania (2.0).
The largest increases in initial claims for the week ending March 2 were in New York (+14,176), California (+5,549),
Texas (+2,102), Michigan (+979), and Florida (+783), while the largest decreases were in Massachusetts (-3,894), Rhode
Island (-1,955), Oregon (-1,063), Georgia (-882), and Tennessee (-335).
Posted: March 14, 2024 Thursday 08:30 AM