Unemployment Insurance Weekly Claims Report for Week Ending July 26, 2014

Washington, DC—(ENEWSPF)—July 31, 2014.

SEASONALLY ADJUSTED DATA

In the week ending July 26, the advance figure for seasonally adjusted initial claims was 302,000, an increase of 23,000 from the previous week’s revised level. The previous week’s level was revised down by 5,000 from 284,000 to 279,000. The 4-week moving average was 297,250, a decrease of 3,500 from the previous week’s revised average. This is the lowest level for this average since April 15, 2006 when it was 296,000. The previous week’s average was revised down by 1,250 from 302,000 to 300,750.

There were no special factors impacting this week’s initial claims.

The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending July 19, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 19 was 2,539,000, an increase of 31,000 from the previous week’s revised level. The previous week’s level was revised up 8,000 from 2,500,000 to 2,508,000. The 4-week moving average was 2,535,250, a decrease of 9,000 from the previous week’s revised average. This is the lowest level for this average since October 13, 2007 when it was 2,527,500. The previous week’s average was revised up by 2,000 from 2,542,250 to 2,544,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 257,210 in the week ending July 26, a decrease of 29,839 (or -10.4 percent) from the previous week. The seasonal factors had expected a decrease of 49,885 (or -17.4 percent) from the previous week. There were 281,692 initial claims in the comparable week in 2013.

The advance unadjusted insured unemployment rate was 1.9 percent during the week ending July 19, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,520,936, a decrease of 42,228 (or -1.6 percent) from the preceding week. The seasonal factors had expected a decrease of 72,732 (or -2.8 percent) from the previous week. A year earlier the rate was 2.2 percent and the volume was 2,920,771.

The total number of people claiming benefits in all programs for the week ending July 12 was 2,618,115, an increase of 6,244 from the previous week. There were 4,688,629 persons claiming benefits in all programs in the comparable week in 2013.

No state was triggered “on” the Extended Benefits program during the week ending July 12.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,429 in the week ending July 19, a decrease of 404 from the prior week. There were 1,855 initial claims filed by newly discharged veterans, an increase of 8 from the preceding week.

There were 14,579 former Federal civilian employees claiming UI benefits for the week ending July 12, an increase of 1,695 from the previous week. Newly discharged veterans claiming benefits totaled 24,086, an increase of 577 from the prior week.

The highest insured unemployment rates in the week ending July 12 were in Puerto Rico (4.3), New Jersey (3.5), Alaska (3.1), Connecticut (3.1), Pennsylvania (2.9), California (2.8), Nevada (2.7), Rhode Island (2.7), Illinois (2.5), Massachusetts (2.5), Michigan (2.3), and New York (2.3).

The largest increases in initial claims for the week ending July 19 were in Kansas (+867), Maine (+296), Ohio (+292), and South Carolina (+206), while the largest decreases were in New York (-18,663), Pennsylvania (-7,233), California (-6,222), Georgia (-4,661), and Indiana (-4,283).

Source: dol.gov