Unemployment Insurance Weekly Claims Report for Week Ending June 21, 2014

Washington, DC—(ENEWSPF)—June 26, 2014.

SEASONALLY ADJUSTED DATA

In the week ending June 21, the advance figure for seasonally adjusted initial claims was 312,000, a decrease of 2,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 312,000 to 314,000. The 4-week moving average was 314,250, an increase of 2,000 from the previous week’s revised average. The previous week’s average was revised up by 500 from 311,750 to 312,250.

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

The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending June 14, 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 14 was 2,571,000, an increase of 12,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 2,561,000 to 2,559,000. The 4-week moving average was 2,587,000, a decrease of 13,000 from the previous week’s revised average. This is the lowest level for this average since November 3, 2007 when it was 2,585,750. The previous week’s average was revised down by 500 from 2,600,500 to 2,600,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 304,169 in the week ending June 21, an increase of 2,832 (or +0.9 percent) from the previous week. The seasonal factors had expected an increase of 4,076 (or +1.4 percent) from the previous week. There were 336,901 initial claims in the comparable week in 2013. The advance unadjusted insured unemployment rate was 1.8 percent during the week ending June 14, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,417,196, an increase of 30,014 (or +1.3 percent) from the preceding week. The seasonal factors had expected an increase of 17,910 (or +0.8 percent) from the previous week. A year earlier the rate was 2.2 percent and the volume was 2,801,508.

The total number of people claiming benefits in all programs for the week ending June 7 was 2,441,475, decrease of 37,990 from the previous week. There were 4,549,463 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 June 7. Initial claims for UI benefits filed by former Federal civilian employees totaled 1,056 in the week ending June 14, a decrease of 199 from the prior week. There were 1,792 initial claims filed by newly discharged veterans, a decrease of 180 from the preceding week.

There were 11,463 former Federal civilian employees claiming UI benefits for the week ending June 7, a decrease of 642 from the previous week. Newly discharged veterans claiming benefits totaled 23,511, a decrease of 571 from the prior week.

The highest insured unemployment rates in the week ending June 7 were in Alaska (3.7), Puerto Rico (3.6), California (2.8), New Jersey (2.8), Connecticut (2.7), Pennsylvania (2.6), Nevada (2.5), Illinois (2.3), and Massachusetts (2.2). The largest increases in initial claims for the week ending June 14 were in Pennsylvania (+7,120), California (+670), Wisconsin (+542), Delaware (+438), and South Carolina (+173), while the largest decreases were in Georgia (-2,245), Missouri (-2,130), New York (-2,078), Tennessee (-1,494), and Puerto Rico (-1,386).

Source: dol.gov