Unemployment Insurance Weekly Claims Report for Week Ending Oct. 25, 2014

Washington, DC—(ENEWSPF)—October 30, 2014.

SEASONALLY ADJUSTED DATA

In the week ending October 25, the advance figure for seasonally adjusted initial claims was 287,000, an increase of 3,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 283,000 to 284,000. The 4-week moving average was 281,000, a decrease of 250 from the previous week’s revised average. 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 18, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 18 was 2,384,000, an increase of 29,000 from the previous week’s revised level. The previous week’s level was revised up 4,000 from 2,351,000 to 2,355,000. The 4-week moving average was 2,377,500, a decrease of 4,500 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 1,000 from 2,381,000 to 2,382,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 270,238 in the week ending October 25, an increase of 14,187 (or 5.5 percent) from the previous week. The seasonal factors had expected an increase of 11,639 (or 4.5 percent) from the previous week. There were 325,326 initial claims in the comparable week in 2013. The advance unadjusted insured unemployment rate was 1.6 percent during the week ending October 18, an increase of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,078,916, an increase of 72,835 (or 3.6 percent) from the preceding week. The seasonal factors had expected an increase of 47,091 (or 2.3 percent) from the previous week. A year earlier the rate was 1.9 percent and the volume was 2,525,254. The total number of people claiming benefits in all programs for the week ending October 11 was 2,061,139, a decrease of 12,366 from the previous week. There were 3,899,605 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 11.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,227 in the week ending October 18, a decrease of 792 from the prior week. There were 1,891 initial claims filed by newly discharged veterans, a decrease of 503 from the preceding week.

There were 15,651 former Federal civilian employees claiming UI benefits for the week ending October 11, a decrease of 83 from the previous week. Newly discharged veterans claiming benefits totaled 25,335, an increase of 1,088 from the prior week.

The highest insured unemployment rates in the week ending October 11 were in Puerto Rico (3.5), Alaska (3.0), Virgin Islands (2.9), New Jersey (2.7), Connecticut (2.3), California (2.2), Nevada (2.2), Pennsylvania (2.1), Massachusetts (2.0), and Illinois (1.9).

The largest increases in initial claims for the week ending October 18 were in California (+2,754), Michigan (+1,609), Tennessee (+204), Ohio (+169), and Vermont (+53), while the largest decreases were in Pennsylvania (-3,459), New York (-2,965), Texas (-1,720), Florida (-1,444), and Georgia (-1,363).

Source: dol.gov