Research >> Economics
Weekly Initial Unemployment Claims increase 7,000 to 251,000
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In the week ending July 16, the advance figure for seasonally adjusted initial claims was 251,000, an increase of 7,000 from the previous week's unrevised level of 244,000. The 4-week moving average was 240,500, an increase of 4,500 from the previous week's revised average. The previous week's average was revised up by 250 from 235,750 to 236,000.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending July 9, an increase 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 9 was 1,384,000, an increase of 51,000 from the previous week's revised level. The previous week's level was revised up 2,000 from 1,331,000 to 1,333,000. The 4-week moving average was 1,353,250, an increase of 13,250 from the previous week's revised average. The previous week's average was revised up by 500 from 1,339,500 to 1,340,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 248,991 in the week ending July 16, an increase of 7,853 (or 3.3 percent) from the previous week. The seasonal factors had expected an increase of 732 (or 0.3 percent) from the previous week. There were 411,244 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending July 9, an increase of 0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,450,919, an increase of 122,364 (or 9.2 percent) from the preceding week. The seasonal factors had expected an increase of 67,960 (or 5.1 percent) from the previous week. A year earlier the rate was 2.4 percent and the volume was 3,262,801.
The total number of continued weeks claimed for benefits in all programs for the week ending July 2 was 1,353,028, a decrease of 47,842 from the previous week. There were 12,555,535 weekly claims filed for benefits in all programs in the comparable week in 2021.
No state was triggered "on" the Extended Benefits program during the week ending July 2.
Initial claims for UI benefits filed by former Federal civilian employees totaled 489 in the week ending July 9, an increase of 47 from the prior week. There were 393 initial claims filed by newly discharged veterans, a decrease of 18 from the preceding week.
There were 6,314 continued weeks claimed filed by former Federal civilian employees the week ending July 2, a decrease of 418 from the previous week. Newly discharged veterans claiming benefits totaled 3,901, a decrease of 323 from the prior week.
The highest insured unemployment rates in the week ending July 2 were in Puerto Rico (2.1), New Jersey (1.9), California (1.7), Rhode Island (1.7), New York (1.5), Pennsylvania (1.5), Massachusetts (1.4), Connecticut (1.3), Alaska (1.2), and Illinois (1.2).
The largest increases in initial claims for the week ending July 9 were in New York (+10,051), Kentucky (+3,061), Arizona (+2,447), Ohio (+2,274), and Indiana (+2,234), while the largest decreases were in California (-3,801), New Jersey (-3,332), Georgia (-1,859), Mississippi (-678), and Rhode Island (-484).
Posted: July 21, 2022 Thursday 08:30 AM