Research >> Economics
Weekly Initial Unemployment Claims increase 4,000 to 235,000
|
In the week ending July 2, the advance figure for seasonally adjusted initial claims was 235,000, an increase of 4,000 from the previous week's unrevised level of 231,000. The 4-week moving average was 232,500, an increase of 750 from the previous week's unrevised average of 231,750.
The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending June 25, 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 June 25 was 1,375,000, an increase of 51,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 1,328,000 to 1,324,000. The 4-week moving average was 1,335,000, an increase of 16,500 from the previous week's revised average. The previous week's average was revised down by 1,000 from 1,319,500 to 1,318,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 219,507 in the week ending July 2, an increase of 11,919 (or 5.7 percent) from the previous week. The seasonal factors had expected an increase of 8,553 (or 4.1 percent) from the previous week. There were 382,622 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.0 percent during the week ending June 25, an increase of 0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,378,215, an increase of 76,664 (or 5.9 percent) from the preceding week. The seasonal factors had expected an increase of 25,157 (or 1.9 percent) from the previous week. A year earlier the rate was 2.3 percent and the volume was 3,243,237.
The total number of continued weeks claimed for benefits in all programs for the week ending June 18 was 1,327,839, an increase of 13,570 from the previous week. There were 14,208,913 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 June 18.
Initial claims for UI benefits filed by former Federal civilian employees totaled 493 in the week ending June 25, a decrease of 42 from the prior week. There were 344 initial claims filed by newly discharged veterans, a decrease of 16 from the preceding week.
There were 6,337 continued weeks claimed filed by former Federal civilian employees the week ending June 18, a decrease of 62 from the previous week. Newly discharged veterans claiming benefits totaled 4,078, an increase of 11 from the prior week.
The highest insured unemployment rates in the week ending June 18 were in New Jersey (1.9), Puerto Rico (1.9), California (1.8), Pennsylvania (1.5), New York (1.4), Alaska (1.3), Rhode Island (1.3), Connecticut (1.2), Hawaii (1.2), Illinois (1.2), and Massachusetts (1.2).
The largest increases in initial claims for the week ending June 25 were in New Jersey (+5,569), Massachusetts (+3,217), Ohio (+2,588), Kentucky (+1,478), and Missouri (+1,375), while the largest decreases were in California (-2,504), Texas (-2,074), Michigan (-1,683), Pennsylvania (-1,628), and Georgia (-1,606).
Posted: July 7, 2022 Thursday 08:30 AM