Research >> Economics
Weekly Initial Unemployment Claims decrease 2,000 to 229,000
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In the week ending June 18, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 229,000 to 231,000. The 4-week moving average was 223,500, an increase of 4,500 from the previous week's revised average. The previous week's average was revised up by 500 from 218,500 to 219,000.
The advance seasonally adjusted insured unemployment rate was 0.9 percent for the week ending June 11, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 11 was 1,315,000, an increase of 5,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 1,312,000 to 1,310,000. The 4-week moving average was 1,310,000, a decrease of 7,000 from the previous week's revised average. This is the lowest level for this average since January 3, 1970 when it was 1,280,250. The previous week's average was revised down by 500 from 1,317,500 to 1,317,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 202,844 in the week ending June 18, a decrease of 3,255 (or -1.6 percent) from the previous week. The seasonal factors had expected a decrease of 1,388 (or -0.7 percent) from the previous week. There were 398,284 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 0.9 percent during the week ending June 11, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,272,753, an increase of 1,796 (or 0.1 percent) from the preceding week. The seasonal factors had expected a decrease of 2,621 (or -0.2 percent) from the previous week. A year earlier the rate was 2.3 percent and the volume was 3,232,185.
The total number of continued weeks claimed for benefits in all programs for the week ending June 4 was 1,296,581, an increase of 14,479 from the previous week. There were 14,839,818 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 4.
Initial claims for UI benefits filed by former Federal civilian employees totaled 695 in the week ending June 11, a decrease of 407 from the prior week. There were 415 initial claims filed by newly discharged veterans, an increase of 72 from the preceding week.
There were 6,017 continued weeks claimed filed by former Federal civilian employees the week ending June 4, an increase of 606 from the previous week. Newly discharged veterans claiming benefits totaled 4,120, an increase of 108 from the prior week.
The highest insured unemployment rates in the week ending June 4 were in New Jersey (1.9), California (1.8), Puerto Rico (1.6), Alaska (1.5), New York (1.4), Pennsylvania (1.4), Rhode Island (1.3), Hawaii (1.2), and Massachusetts (1.2).
The largest increases in initial claims for the week ending June 11 were in California (+3,951), Pennsylvania (+2,615), Illinois (+1,903), Ohio (+1,772), and Michigan (+1,587), while the largest decreases were in Missouri (-1,297), Tennessee (-831), Kentucky (-202), Mississippi (-146), and New Mexico (-103).
Posted: June 23, 2022 Thursday 08:30 AM