Analysis, National

Unemployment Insurance Weekly Claims Report for Week Ending November 5, 2016


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Washington, DC–(ENEWSPF)–November 10, 2016

SEASONALLY ADJUSTED DATA

In the week ending November 5, the advance figure for seasonally adjusted initial claims was 254,000, a decrease of 11,000 from the previous week’s unrevised level of 265,000. The 4-week moving average was 259,750, an increase of 1,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 257,750 to 258,000.

There were no special factors impacting this week’s initial claims. This marks 88 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending October 29, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 29 was 2,041,000, an increase of 18,000 from the previous week’s revised level. The previous week’s level was revised down by 3,000 from 2,026,000 to 2,023,000. The 4-week moving average was 2,039,500, a decrease of 2,250 from the previous week’s revised average. This is the lowest level for this average since July 1, 2000 when it was 2,036,500. The previous week’s average was revised down by 750 from 2,042,500 to 2,041,750.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 257,973 in the week ending November 5, an increase of 13,031 (or 5.3 percent) from the previous week. The seasonal factors had expected an increase of 24,362 (or 9.9 percent) from the previous week. There were 291,098 initial claims in the comparable week in 2015.

The advance unadjusted insured unemployment rate was 1.3 percent during the week ending October 29, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 1,761,784, an increase of 26,145 (or 1.5 percent) from the preceding week. The seasonal factors had expected an increase of 10,114 (or 0.6 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 1,900,517.

The total number of people claiming benefits in all programs for the week ending October 22 was 1,776,917, a decrease of 3,489 from the previous week. There were 1,926,796 persons claiming benefits in all programs in the comparable week in 2015.

No state was triggered “on” the Extended Benefits program during the week ending October 22.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,302 in the week ending October 29, a decrease of 1,091 from the prior week. There were 1,000 initial claims filed by newly discharged veterans, a decrease of 9 from the preceding week.

There were 10,572 former Federal civilian employees claiming UI benefits for the week ending October 22, a decrease of 165 from the previous week. Newly discharged veterans claiming benefits totaled 13,344, a decrease of 347 from the prior week.

The highest insured unemployment rates in the week ending October 22 were in Alaska (3.1), Puerto Rico (2.6), the Virgin Islands (2.5), New Jersey (2.2), California (2.0), Connecticut (2.0), Pennsylvania (1.8), Nevada (1.7), West Virginia (1.7), Illinois (1.6), Massachusetts (1.6), and Wyoming (1.6).

The largest increases in initial claims for the week ending October 29 were in Missouri (+4,154), Kentucky (+3,552), California (+1,987), Wisconsin (+1,432), and Minnesota (+710), while the largest decreases were in North Carolina (-2,384), Michigan (-1,008), South Carolina (-880), New York (-858), and Georgia (-773).

Source: www.dol.gov

 

 


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