Analysis, National

Unemployment Insurance Weekly Claims Report for Week Ending July 30, 2016


Washington, DC—(ENEWSPF)—August 4, 2016

SEASONALLY ADJUSTED DATA

In the week ending July 30, the advance figure for seasonally adjusted initial claims was 269,000, an increase of 3,000 from the previous week’s unrevised level of 266,000. The 4-week moving average was 260,250, an increase of 3,750 from the previous week’s unrevised average of 256,500.

There were no special factors impacting this week’s initial claims. This marks 74 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending July 23, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 23 was 2,138,000, a decrease of 6,000 from the previous week’s revised level. The previous week’s level was revised up 5,000 from 2,139,000 to 2,144,000. The 4-week moving average was 2,141,750, an increase of 5,250 from the previous week’s revised average. The previous week’s average was revised up by 1,250 from 2,135,250 to 2,136,500.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 220,204 in the week ending July 30, a decrease of 11,485 (or -5.0 percent) from the previous week. The seasonal factors had expected a decrease of 13,566 (or -5.9 percent) from the previous week. There were 224,104 initial claims in the comparable week in 2015.

The advance unadjusted insured unemployment rate was 1.5 percent during the week ending July 23, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,102,079, a decrease of 39,372 (or -1.8 percent) from the preceding week. The seasonal factors had expected a decrease of 34,298 (or -1.6 percent) from the previous week. A year earlier the rate was 1.6 percent and the volume was 2,214,919.

The total number of people claiming benefits in all programs for the week ending July 16 was 2,179,817, a decrease of 18,043 from the previous week. There were 2,302,509 persons claiming benefits in all programs in the comparable week in 2015.

No state was triggered “on” the Extended Benefits program during the week ending July 16.

Initial claims for UI benefits filed by former Federal civilian employees totaled 860 in the week ending July 23, a decrease of 88 from the prior week. There were 1,089 initial claims filed by newly discharged veterans, a decrease of 5 from the preceding week.

There were 7,560 former Federal civilian employees claiming UI benefits for the week ending July 16, a decrease of 128 from the previous week. Newly discharged veterans claiming benefits totaled 13,131, a decrease of 192 from the prior week.

The highest insured unemployment rates in the week ending July 16 were in Puerto Rico (3.3), Connecticut (2.7), New Jersey (2.7), Alaska (2.6), Pennsylvania (2.6), West Virginia (2.4), California (2.2), Rhode Island (2.2), Wyoming (2.1), Illinois (2.0), and Massachusetts (2.0).

The largest increases in initial claims for the week ending July 23 were in Michigan (+2,598), Illinois (+480), Ohio (+388), Vermont (+212), and Nevada (+68), while the largest decreases were in New York (-7,113), Georgia (-4,604), Oregon (-2,713), Alabama (-2,513), and Pennsylvania (-2,030).

Source: www.dol.gov

 

 


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