Unemployment Insurance Weekly Claims Report for Week Ending Nov. 1, 2014

Washington, DC—(ENEWSPF)—November 6, 2014.

SEASONALLY ADJUSTED DATA

In the week ending November 1, the advance figure for seasonally adjusted initial claims was 278,000, a decrease of 10,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 287,000 to 288,000. The 4-week moving average was 279,000, a decrease of 2,250 from the previous week’s revised average. This is the lowest level for this average since April 29, 2000 when it was 273,000. The previous week’s average was revised up by 250 from 281,000 to 281,250. There were no special factors impacting this week’s initial claims.

The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending October 25, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 25 was 2,348,000, a decrease of 39,000 from the previous week’s revised level. This is the lowest level for insured unemployment since December 23, 2000 when it was 2,340,000. The previous week’s level was revised up 3,000 from 2,384,000 to 2,387,000. The 4-week moving average was 2,369,750, a decrease of 8,500 from the previous week’s revised average. This is the lowest level for this average since January 13, 2001 when it was 2,360,500. The previous week’s average was revised up by 750 from 2,377,500 to 2,378,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 266,155 in the week ending November 1, a decrease of 5,170 (or -1.9 percent) from the previous week. The seasonal factors had expected an increase of 4,604 (or 1.7 percent) from the previous week. There were 331,867 initial claims in the comparable week in 2013. The advance unadjusted insured unemployment rate was 1.5 percent during the week ending October 25, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,037,929, a decrease of 43,581 (or -2.1 percent) from the preceding week. The seasonal factors had expected a decrease of 9,548 (or -0.5 percent) from the previous week. A year earlier the rate was 1.9 percent and the volume was 2,511,754.

The total number of people claiming benefits in all programs for the week ending October 18 was 2,138,934, an increase of 77,119 from the previous week. There were 3,975,825 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 October 18.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,599 in the week ending October 25, an increase of 368 from the prior week. There were 1,744 initial claims filed by newly discharged veterans, a decrease of 152 from the preceding week.

There were 16,471 former Federal civilian employees claiming UI benefits for the week ending October 18, an increase of 804 from the previous week. Newly discharged veterans claiming benefits totaled 25,875, an increase of 511 from the prior week.

The highest insured unemployment rates in the week ending October 18 were in the Virgin Islands (3.5), Puerto Rico (3.4), Alaska (3.3), New Jersey (2.7), California (2.5), Connecticut (2.3), Nevada (2.3), Pennsylvania (2.2), Massachusetts (2.0), Illinois (1.9), Maryland (1.9), and Oregon (1.9).

The largest increases in initial claims for the week ending October 25 were in Ohio (+3,389), California (+2,939), New York (+2,663), Oregon (+1,674), and Washington (+1,124), while the largest decreases were in Michigan (-3,849), Texas (-558), Indiana (-447), Tennessee (-281), and Kentucky (-279).

Source: dol.gov