Unemployment Insurance Weekly Claims Report for Week Ending March 8, 2014

Washington, DC—(ENEWSPF)–March 13, 2014.

SEASONALLY ADJUSTED DATA

In the week ending March 8, the advance figure for seasonally adjusted initial claims was 315,000, a decrease of 9,000 from the previous week’s revised figure of 324,000. The 4-week moving average was 330,500, a decrease of 6,250 from the previous week’s revised average of 336,750.

The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending March 1, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 1 was 2,855,000, a decrease of 48,000 from the preceding week’s revised level of 2,903,000. The 4-week moving average was 2,915,750, a decrease of 19,500 from the preceding week’s revised average of 2,935,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 302,218 in the week ending March 8, a decrease of 15,614 from the previous week. There were 317,526 initial claims in the comparable week in 2013.

The advance unadjusted insured unemployment rate was 2.5 percent during the week ending March 1, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,285,703, a decrease of 90,028 from the preceding week. A year earlier, the rate was 2.7 percent and the volume was 3,501,920.

The total number of people claiming benefits in all programs for the week ending February 22 was 3,450,757, an increase of 12,282 from the previous week. There were 5,619,860 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 February 22.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,159 in the week ending March 1, an increase of 147 from the prior week. There were 1,909 initial claims filed by newly discharged veterans, an increase of 157 from the preceding week.

There were 20,812 former Federal civilian employees claiming UI benefits for the week ending February 22, an increase of 401 from the previous week. Newly discharged veterans claiming benefits totaled 29,475, an increase of 670 from the prior week.

The highest insured unemployment rates in the week ending February 22 were in Alaska (5.9), Rhode Island (4.4), New Jersey (4.3), Connecticut (4.1), Pennsylvania (3.8), California (3.7), Illinois (3.7), Massachusetts (3.6), Montana (3.6), and Wisconsin (3.5).

The largest increases in initial claims for the week ending March 1 were in New York (+18,709), Florida (1,940), Illinois (+1,789), Texas (+1,245), and New Hampshire (+849), while the largest decreases were in California (-5,765), Georgia (-5,437), Massachusetts (-3,770), Pennsylvania (-2,086), and South Carolina (-2,006).

Source: dol.gov