Washington, DC–(ENEWSPF)–November 3, 2016
SEASONALLY ADJUSTED DATA
In the week ending October 29, the advance figure for seasonally adjusted initial claims was 265,000, an increase of 7,000 from the previous week’s unrevised level of 258,000. The 4-week moving average was 257,750, an increase of 4,750 from the previous week’s unrevised average of 253,000.
There were no special factors impacting this week’s initial claims. This marks 87 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 22, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 22 was 2,026,000, a decrease of 14,000 from the previous week’s revised level. This is the lowest level for insured unemployment since June 10, 2000 when it was 2,020,000. The previous week’s level was revised up 1,000 from 2,039,000 to 2,040,000. The 4-week moving average was 2,042,500, a decrease of 9,000 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 up by 250 from 2,051,250 to 2,051,500
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 245,257 in the week ending October 29, an increase of 8,752 (or 3.7 percent) from the previous week. The seasonal factors had expected an increase of 2,324 (or 1.0 percent) from the previous week. There were 258,440 initial claims in the comparable week in 2015.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending October 22, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 1,738,009, a decrease of 2,445(or -0.1 percent) from the preceding week. The seasonal factors had expected an increase of 10,202 (or 0.6 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 1,874,526.
The total number of people claiming benefits in all programs for the week ending October 15 was 1,780,938, an increase of 36,213 from the previous week. There were 1,912,269 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 15.
Initial claims for UI benefits filed by former Federal civilian employees totaled 2,371 in the week ending October 22, an increase of 1,260 from the prior week. There were 1,009 initial claim s filed by newly discharged veterans, a decrease of 45 from the preceding week.
There were 10,740 former Federal civilian employees claiming UI benefits for the week ending October 15, an increase of 1,605 from the previous week. Newly discharged veterans claiming benefits totaled 13,676, an increase of 401 from the prior week.
The highest insured unemployment rates in the week ending October 15 were in Alaska (3.1), Puerto Rico (2.7), the Virgin Islands (2.7), New Jersey (2.2), California (2.0), Connecticut (2.0), Pennsylvania (1.8), Nevada (1.7), West Virginia (1.7), and Illinois (1.6).
The largest increases in initial claims for the week ending October 22 were in North Carolina (+2,389), Illinois (+1,743), Pennsylvania (+1,641), Ohio (+701), and Washington (+700), while the largest decreases were in Kentucky (-4,073), Michigan (-1,890), California (-1,604), New York (-1,240), and Florida (-450).
Source: www.dol.gov
