Unemployment Insurance Weekly Claims Report for Week Ending Oct. 24, 2015

Washington, DC—(ENEWSPF)—October 29, 2015

SEASONALLY ADJUSTED DATA

In the week ending October 24, the advance figure for seasonally adjusted initial claims was 260,000, an increase of 1,000 from the previous week’s unrevised level of 259,000. The 4-week moving average was 259,250, a decrease of 4,000 from the previous week’s unrevised average of 263,250. This is the lowest level for this average since December 15, 1973 when it was 256,750.

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

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending October 17, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 17 was 2,144,000, a decrease of 37,000 from the previous week’s revised level. This is the lowest level for insured unemployment since November 4, 2000 when it was 2,110,000. The previous week’s level was revised up 11,000 from 2,170,000 to 2,181,000. The 4-week moving average was 2,174,750, a decrease of 12,750 from the previous week’s revised average. This is the lowest level for this average since November 18, 2000 when it was 2,169,000. The previous week’s average was revised up by 3,000 from 2,184,500 to 2,187,500.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 245,153 in the week ending October 24, an increase of 12,433 (or 5.3 percent) from the previous week. The seasonal factors had expected an increase of 11,649 (or 5.0 percent) from the previous week. There were 271,331 initial claims in the comparable week in 2014. The advance unadjusted insured unemployment rate was 1.4 percent during the week ending October 17, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 1,858,876, an increase of 24,497 (or 1.3 percent) from the preceding week. The seasonal factors had expected an increase of 56,711 (or 3.1 percent) from the previous week. A year earlier the rate was 1.6 percent and the volume was 2,081,161.

The total number of people claiming benefits in all programs for the week ending October 10 was 1,880,908, an increase of 18,694 from the previous week. There were 2,061,815 persons claiming benefits in all programs in the comparable week in 2014.

No state was triggered “on” the Extended Benefits program during the week ending October 10.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,209 in the week ending October 17, a decrease of 1,020 from the prior week. There were 1,313 initial claims filed by newly discharged veterans, a decrease of 284 from the preceding week.

There were 13,171 former Federal civilian employees claiming UI benefits for the week ending October 10, an increase of 1,206 from the previous week. Newly discharged veterans claiming benefits totaled 14,976, a decrease of 2,050 from the prior week.

The highest insured unemployment rates in the week ending October 10 were in Alaska (5.4), Puerto Rico (3.3), the Virgin Islands (2.8), New Jersey (2.3), California (2.0), Connecticut (2.0), Nevada (2.0), Pennsylvania (2.0), West Virginia (1.9), and Illinois (1.7).

The largest increases in initial claims for the week ending October 17 were in South Carolina (+2,156), Michigan (+2,117), Minnesota (+525), Vermont (+103), and Wyoming (+69), while the largest decreases were in Pennsylvania (-3,583), Texas (-2,893), Georgia (-2,524), New York (-2,174), and Florida (-1,801).

Source: www.dol.gov