Unemployment Insurance Weekly Claims Report for Week Ending June 28, 2014

Washington, DC—(ENEWSPF)—July 3, 2014.

SEASONALLY ADJUSTED DATA

In the week ending June 28, the advance figure for seasonally adjusted initial claims was 315,000, an increase of 2,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 312,000 to 313,000. The 4-week moving average was 315,000, an increase of 500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 314,250 to 314,500.

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 21, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 21 was 2,579,000, an increase of 11,000 from the previous week’s revised level. The previous week’s level was revised down by 3,000 from 2,571,000 to 2,568,000. The 4-week moving average was 2,580,250, a decrease of 6,000 from the previous week’s revised average. This is the lowest level for this average since October 27, 2007 when it was 2,561,750. The previous week’s average was revised down by 750 from 2,587,000 to 2,586,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 305,385 in the week ending June 28, an increase of 221 (or 0.1 percent) from the previous week. The seasonal factors had expected a decrease of 1,567 (or -0.5 percent) from the previous week. There were 335,424 initial claims in the comparable week in 2013.

The advance unadjusted insured unemployment rate was 1.8 percent during the week ending June 21, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,416,986, an increase of 3,208 (or 0.1 percent) from the preceding week. The seasonal factors had expected a decrease of 7,704 (or -0.3 percent) from the previous week. A year earlier the rate was 2.2 percent and the volume was 2,778,190. The total number of people claiming benefits in all programs for the week ending June 14 was 2,469,219, an increase of 27,744 from the previous week. There were 4,551,016 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 14.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,118 in the week ending June 21, an increase of 62 from the prior week. There were 1,801 initial claims filed by newly discharged veterans, an increase of 9 from the preceding week. There were 11,762 former Federal civilian employees claiming UI benefits for the week ending June 14, an increase of 299 from the previous week. Newly discharged veterans claiming benefits totaled 23,783, an increase of 272 from the prior week.

The highest insured unemployment rates in the week ending June 14 were in Puerto Rico (3.9), Alaska 3.8), New Jersey (2.9), California (2.8), Connecticut (2.7), Pennsylvania (2.7), Nevada (2.6), Illinois (2.4), Massachusetts (2.2), and Virgin Islands (2.2).

The largest increases in initial claims for the week ending June 21 were in New Jersey (+3,235), Connecticut (+1,864), Maryland (+1,624), New York (+1,430), and Wisconsin (+1,233), while the largest decreases were in Pennsylvania (-1,593), Ohio (-1,381), Florida (-1,341), Illinois (-1,327), and South Carolina (-591).

Source: dol.gov