Unemployment Weekly Claims Report for Week Ending October 8, 2016

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Washington, DC–(ENEWSPF)–October 13, 2016

SEASONALLY ADJUSTED DATA

In the week ending October 8, the advance figure for seasonally adjusted initial claims was 246,000, unchanged from the previous week’s revised level. The previous week’s level was revised down by 3,000 from 249,000 to 246,000. The 4-week moving average was 249,250, a decrease of 3,500 from the previous week’s revised average. This is the lowest level for this average since November 3, 1973 when it was 244,000. The previous week’s average was revised down by 750 from 253,500 to 252,750.

There were no special factors impacting this week’s initial claims. This marks 84 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 1, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 1 was 2,046,000, a decrease of 16,000 from the previous week’s revised level. This is the lowest level for insured unemployment since June 24, 2000 when it was 2,033,000. The previous week’s level was revised up 4,000 from 2,058,000 to 2,062,000. The 4-week moving average was 2,070,000, a decrease of 25,750 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 2,094,750 to 2,095,750.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 237,407 in the week ending October 8, an increase of 36,951 (or 18.4 percent) from the previous week. The seasonal factors had expected an increase of 36,603 (or 18.3 percent) from the previous week. There were 256,522 initial claims in the comparable week in 2015.

The advance unadjusted insured unemployment rate was 1.2 percent during the week ending October 1, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 1,706,627, a decrease of 37,456 (or -2.1 percent) from the preceding week. The seasonal factors had expected a decrease of 24,739 (or -1.4 percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was 1,816,410.

The total number of people claiming benefits in all programs for the week ending September 24 was 1,781,950, a decrease of 13,790 from the previous week. There were 1,916,540 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 September 24.

Initial claims for UI benefits filed by former Federal civilian employees totaled 849 in the week ending October 1, an increase of 5 from the prior week. There were 1,013 initial claims filed by newly discharged veterans, a decrease of 74 from the preceding week. There were 8,372 former Federal civilian employees claiming UI benefits for the week ending September 24, a decrease of 780 from the previous week. Newly discharged veterans claiming benefits totaled 13,454, an increase of 83 from the prior week.

The highest insured unemployment rates in the week ending September 24 were in Alaska (2.7), Puerto Rico (2.6), the Virgin Islands (2.5), New Jersey (2.1), California (2.0), Connecticut (2.0), Pennsylvania (1.9), Massachusetts (1.7), West Virginia (1.7), and Illinois (1.6).

The largest increases in initial claims for the week ending October 1 were in Missouri (+1,717), Pennsylvania (+1,322), Ohio (+526), Illinois (+492), and Nevada (+404), while the largest decreases were in Michigan (-2,800), Georgia (-923), Texas (-371), Arkansas (-247), and Kentucky (-194).

Source: www.dol.gov