Research >> Economics
Weekly Initial Unemployment Claims Decrease 2,000 to 210,000
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In the week ending March 23, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 2,000
from the previous week's revised level. The previous week's level was revised up by 2,000 from 210,000 to 212,000. The
4-week moving average was 211,000, a decrease of 750 from the previous week's revised average. The previous week's
average was revised up by 500 from 211,250 to 211,750.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending March 16,
unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured
unemployment during the week ending March 16 was 1,819,000, an increase of 24,000 from the previous week's
revised level. The previous week's level was revised down by 12,000 from 1,807,000 to 1,795,000. The 4-week moving
average was 1,802,750, an increase of 3,500 from the previous week's revised average. The previous week's average was
revised down by 3,000 from 1,802,250 to 1,799,250.
The advance number of actual initial claims under state programs, unadjusted, totaled 191,485 in the week ending March
23, a decrease of 287 (or -0.1 percent) from the previous week. The seasonal factors had expected an increase of 1,907
(or 1.0 percent) from the previous week. There were 214,153 initial claims in the comparable week in 2023.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending March 16, unchanged from
the prior week. The advance unadjusted level of insured unemployment in state programs totaled 2,022,353, an increase
of 13,571 (or 0.7 percent) from the preceding week. The seasonal factors had expected a decrease of 12,566 (or -0.6
percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was 1,877,339.
The total number of continued weeks claimed for benefits in all programs for the week ending March 9 was 2,037,085, a
decrease of 69,954 from the previous week. There were 1,906,517 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 March 9.
Initial claims for UI benefits filed by former Federal civilian employees totaled 362 in the week ending March 16, a
decrease of 3 from the prior week. There were 379 initial claims filed by newly discharged veterans, a decrease of 40
from the preceding week.
There were 6,241 continued weeks claimed filed by former Federal civilian employees the week ending March 9, an
increase of 36 from the previous week. Newly discharged veterans claiming benefits totaled 4,405, a decrease of 62 from
the prior week.
The highest insured unemployment rates in the week ending March 9 were in New Jersey (2.8), Rhode Island (2.6),
California (2.4), Minnesota (2.4), Massachusetts (2.3), Illinois (2.1), New York (2.0), Connecticut (1.9), Montana (1.9),
Pennsylvania (1.9), and Washington (1.9).
The largest increases in initial claims for the week ending March 16 were in Missouri (+1,443), Michigan (+1,204),
Tennessee (+538), Mississippi (+353), and Arkansas (+279), while the largest decreases were in California (-5,794),
Oregon (-1,651), Texas (-856), Pennsylvania (-740), and Illinois (-626).
Posted: March 28, 2024 Thursday 08:30 AM