Unemployment Insurance Weekly Claims Report for Week Ending October 11, 2014

Washington, DC—(ENEWSPF)—October 16, 2014.

SEASONALLY ADJUSTED DATA

In the week ending October 11, the advance figure for seasonally adjusted initial claims was 264,000, a decrease of 23,000 from the previous week’s unrevised level of 287,000. This is the lowest level for initial claims since April 15, 2000 when it was 259,000. The 4-week moving average was 283,500, a decrease of 4,250 from the previous week’s unrevised average of 287,750. This is the lowest level for this average since June 10, 2000 when it was 283,500.

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 4, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 4 was 2,389,000, an increase of 7,000 from the previous week’s revised level. The previous week’s level was revised up 1,000 from 2,381,000 to 2,382,000. The 4-week moving average was 2,403,750, a decrease of 10,750 from the previous week’s revised average. This is the lowest level for this average since June 17, 2006 when it was 2,399,000. The previous week’s average was revised up by 250 from 2,414,250 to 2,414,500.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 271,590 in the week ending October 11, an increase of 14,031 (or 5.4 percent) from the previous week. The seasonal factors had expected an increase of 37,615 (or 14.6 percent) from the previous week. There were 360,957 initial claims in the comparable week in 2013. The advance unadjusted insured unemployment rate was 1.5 percent during the week ending October 4, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,018,567, a decrease of 13,158 (or -0.6 percent) from the preceding week. The seasonal factors had expected a decrease of 19,055 (or -0.9 percent) from the previous week. A year earlier the rate was 1.9 percent and the volume was 2,437,325. The total number of people claiming benefits in all programs for the week ending September 27 was 2,088,553, a decrease of 38,946 from the previous week. There were 3,929,626 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 September 27.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,530 in the week ending October 4, an increase of 450 from the prior week. There were 2,590 initial claims filed by newly discharged veterans, an increase of 956 from the preceding week. There were 15,994 former Federal civilian employees claiming UI benefits for the week ending September 27, an increase of 71 from the previous week. Newly discharged veterans claiming benefits totaled 24,842, an increase of 373 from the prior week.

The highest insured unemployment rates in the week ending September 27 were in Puerto Rico (3.5), Virgin Islands (3.0), Alaska (2.9), New Jersey (2.8), Connecticut (2.4), California (2.3), Massachusetts (2.1), Nevada (2.1), Pennsylvania (2.1), Illinois (1.9), District of Columbia (1.8), and Maryland (1.8).

The largest increases in initial claims for the week ending October 4 were in New York (+4,753), Texas +1,976), California (+1,825), Florida (+1,743), and Ohio (+1,734), while the largest decreases were in Oklahoma (-191), Idaho (-123), Nevada (-82), and the Virgin Islands (-11).

Source: dol.gov