Unemployment Insurance Weekly Claims Report for Week Ending October 15, 2016

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Washington, DC–(ENEWSPF)–October 20, 2016

SEASONALLY ADJUSTED DATA

In the week ending October 15, the advance figure for seasonally adjusted initial claims was 260,000, an increase of 13,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 246,000 to 247,000. The 4-week moving average was 251,750, an increase of 2,250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 249,250 to 249,500.

There were no special factors impacting this week’s initial claims. This marks 85 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending October 8, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 8 was 2,057,000, an increase of 7,000 from the previous week’s revised level. The previous week’s level was revised up 4,000 from 2,046,000 to 2,050,000. The 4-week moving average was 2,058,250, a decrease of 12,750 from the previous week’s revised average. This is the lowest level for this average since July 8, 2000 when it was 2,056,250. The previous week’s average was revised up by 1,000 from 2,070,000 to 2,071,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 233,181 in the week ending October 15, a decrease of 5,400 (or -2.3 percent) from the previous week. The seasonal factors had expected a decrease of 17,059 (or -7.2 percent) from the previous week. There were 232,860 initial claims in the comparable week in 2015.

The advance unadjusted insured unemployment rate was 1.2 percent during the week ending October 8, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 1,709,147, a decrease of 827 (or 0.0 percent) from the preceding week. The seasonal factors had expected a decrease of 6,151 (or -0.4 percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was 1,826,779.

The total number of people claiming benefits in all programs for the week ending October 1 was 1,747,928, a decrease of 34,022 from the previous week. There were 1,862,214 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 October 1.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,700 in the week ending October 8, an increase of 851 from the prior week. There were 1,280 initial claims filed by newly discharged veterans, an increase of 267 from the preceding week.

There were 9,282 former Federal civilian employees claiming UI benefits for the week ending October 1, an increase of 910 from the previous week. Newly discharged veterans claiming benefits totaled 13,141, a decrease of 313 from the prior week.

The highest insured unemployment rates in the week ending October 1 were in Alaska (2.7), Puerto Rico (2.5), the Virgin Islands (2.2), New Jersey (2.1), California (2.0), Connecticut (2.0), Pennsylvania (1.8), West Virginia (1.7), Massachusetts (1.6), Nevada (1.6), and Wyoming (1.6).

The largest increases in initial claims for the week ending October 8 were in California (+5,141), Pennsylvania (+3,698), Texas (+2,558), New York (+2,093), and Washington (+2,069), while the largest decreases were in South Carolina (-17) and Maine (-8).

Source: www.dol.gov