Washington, DC–(ENEWSPF)–October 27, 2016
SEASONALLY ADJUSTED DATA
In the week ending October 22, the advance figure for seasonally adjusted initial claims was 258,000, a decrease of 3,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 260,000 to 261,000. The 4-week moving average was 253,000, an increase of 1,000 from the previous week’s revised average. The previous week’s average was revised up by 250 from 251,750 to 252,000.
There were no special factors impacting this week’s initial claims. This marks 86 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 15, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 15 was 2,039,000, a decrease of 15,000 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 down by 3,000 from 2,057,000 to 2,054,000. The 4-week moving average was 2,051,250, a decrease of 6,250 from the previous week’s revised average. This is the lowest level for this average since July 1, 2000 when it was 2,036,500. The previous week’s average was revised down by 750 from 2,058,250 to 2,057,500.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 236,045 in the week ending October 22, an increase of 2,389 (or 1.0 percent) from the previous week. The seasonal factors had expected an increase of 5,216 (or 2.2 percent) from the previous week. There were 245,365 initial claims in the comparable week in 2015.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending October 15, an increase of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled
1,739,497, an increase of 32,756 (or 1.9 percent) from the preceding week. The seasonal factors had expected an increase of 45,184 (or 2.6 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 1,860,474.
The total number of people claiming benefits in all programs for the week ending October 8 was 1,744,725, a decrease of 3,203 from the previous week. There were 1,873,157 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 8.
Initial claims for UI benefits filed by former Federal civilian employees totaled 1,111 in the week ending October 15, a decrease of 589 from the prior week. There were 1,054 initial claims filed by newly discharged veterans, a decrease of 226 from the preceding week.
There were 9,135 former Federal civilian employees claiming UI benefits for the week ending October 8, a decrease of 147 from the previous week. Newly discharged veterans claiming benefits totaled 13,275, an increase of 134 from the prior week.
The highest insured unemployment rates in the week ending October 8 were in Alaska (2.8), Puerto Rico (2.6), the Virgin Islands (2.3), New Jersey (2.1), Connecticut (2.0), California (1.9), Pennsylvania (1.8), Nevada (1.7), West Virginia (1.7), Illinois (1.6), and Massachusetts (1.6).
The largest increases in initial claims for the week ending October 15 were in Kentucky (+5,644), Michigan (+2,874), California (+2,588), North Carolina (+2,370), and New York (+2,178), while the largest decreases were in Pennsylvania (-4,188), Texas (-2,268), Missouri (-1,913), Illinois (-1,757), and Washington (-1,066).
Source: www.dol.gov
