Analysis, National

Unemployment Insurance Weekly Claims Report for Week Ending July 2, 2016


Washington, DC–(ENEWSPF)–July 7, 2016

SEASONALLY ADJUSTED DATA

In the week ending July 2, the advance figure for seasonally adjusted initial claims was 254,000, a decrease of 16,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 268,000 to 270,000. The 4-week moving average was 264,750, a decrease of 2,500 from the previous week’s revised average. The previous week’s average was revised up by 500 from 266,750 to 267,250.

There were no special factors impacting this week’s initial claims. This marks 70 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 June 25, unchanged from the previous week’s revised rate. The previous week’s rate was revised up by 0.1 from 1.5 to 1.6 percent. The advance number for seasonally adjusted insured unemployment during the week ending June 25 was 2,124,000, a decrease of 44,000 from the previous week’s revised level. The previous week’s level was revised up 48,000 from 2,120,000 to 2,168,000. The 4-week moving average was 2,148,250, an increase of 3,000 from the previous week’s revised average. The previous week’s average was revised up by 11,750 from 2,133,500 to 2,145,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 267,137 in the week ending July 2, an increase of 3,714 (or 1.4 percent) from the previous week. The seasonal factors had expected an increase of 21,074 (or 8.0 percent) from the previous week. There were 303,585 initial claims in the comparable week in 2015. The advance unadjusted insured unemployment rate was 1.5 percent during the week ending June 25, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,051,865, an increase of 41,990 (or 2.1 percent) from the preceding week. The seasonal factors had expected an increase of 84,558 (or 4.2 percent) from the previous week. A year earlier the rate was 1.6 percent and the volume was 2,138,353.

The total number of people claiming benefits in all programs for the week ending June 18 was 2,048,430, an increase of 15,959 from the previous week. There were 2,148,300 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 June 18.

Initial claims for UI benefits filed by former Federal civilian employees totaled 605 in the week ending June 25, a decrease of 102 from the prior week. There were 1,042 initial claims filed by newly discharged veterans, a decrease of 8 from the preceding week.

There were 7,215 former Federal civilian employees claiming UI benefits for the week ending June 18, a decrease of 233 from the previous week. Newly discharged veterans claiming benefits totaled 13,212, an increase of 124 from the prior week.

The highest insured unemployment rates in the week ending June 18 were in Puerto Rico (3.1), Alaska (2.9), Connecticut (2.4), Pennsylvania (2.4), West Virginia (2.4), Wyoming (2.4), New Jersey (2.3), California (2.2), Illinois (2.0), Massachusetts (1.8), New Mexico (1.8), and Nevada (1.8).

The largest increases in initial claims for the week ending June 25 were in New Jersey (+6,715), California (+5,163), Massachusetts (+3,248), Michigan (+2,704), and New York (+1,943), while the largest decreases were in Pennsylvania (-2,671), Wisconsin (-1,595), Florida (-1,107), South Carolina (-852), and Ohio (-660).

Source: http://www.dol.gov

 

 


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