Unemployment Insurance Weekly Claims Report for Week Ending March 3, 2012

Washington, DC–(ENEWSPF)–March 8, 2012.  

SEASONALLY ADJUSTED DATA

In the week ending March 3, the advance figure for seasonally adjusted initial claims was 362,000, an increase of 8,000 from the previous week’s revised figure of 354,000. The 4-week moving average was 355,000, an increase of 250 from the previous week’s revised average of 354,750.

The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending February 25, unchanged from the prior week’s unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending February 25, was 3,416,000, an increase of 10,000 from the preceding week’s revised level of 3,406,000. The 4-week moving average was 3,417,500, a decrease of 27,500 from the preceding week’s revised average of 3,445,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 365,754 in the week ending March 3, an increase of 31,513 from the previous week. There were 407,299 initial claims in the comparable week in 2011.

The advance unadjusted insured unemployment rate was 3.1 percent during the week ending February 25, unchanged from the prior week’s unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,979,563, an increase of 97,038 from the preceding week. A year earlier, the rate was 3.6 percent and the volume was 4,460,146.

The total number of people claiming benefits in all programs for the week ending February 18 was 7,387,648, a decrease of 111,222 from the previous week.

Extended benefits were available in Alabama, Alaska, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Washington, West Virginia, and Wisconsin during the week ending February 18.

Initial claims for UI benefits by former Federal civilian employees totaled 1,136 in the week ending February 25, a decrease of 133 from the prior week. There were 2,286 initial claims by newly discharged veterans, a decrease of 176 from the preceding week.

There were 27,150 former Federal civilian employees claiming UI benefits for the week ending February 18, a decrease of 1,520 from the previous week. Newly discharged veterans claiming benefits totaled 41,594, a decrease of 576 from the prior week.

States reported 2,929,210 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending February 18, an increase of 24,377 from the prior week. There were 3,600,522 claimants in the comparable week in 2011. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending February 18 were in Alaska (6.5), Rhode Island (4.6), Montana (4.5), Wisconsin (4.5), Idaho (4.4), Oregon (4.4), Pennsylvania (4.4), New Jersey (4.2), Puerto Rico (4.2), Massachusetts (4.0), and Michigan (4.0).

The largest increases in initial claims for the week ending February 25 were in Massachusetts (+3,475), Rhode Island (+1,275), New Jersey (+1,274), Connecticut (+1,186), and Michigan (+564), while the largest decreases were in California (-4,531), Pennsylvania (-2,238), Texas (-1,535), New York (-1,321), and Florida (-1,124). 

Source: dol.gov