Unemployment Insurance Weekly Claims Report for Week Ending May 28, 2016

Washington, DC–(ENEWSPF)–June 2, 2016

SEASONALLY ADJUSTED DATA

In the week ending May 28, the advance figure for seasonally adjusted initial claims was 267,000, a decrease of 1,000 from the previous week’s unrevised level of 268,000. The 4-week moving average was 276,750, a decrease of 1,750 from the previous week’s unrevised average of 278,500.

There were no special factors impacting this week’s initial claims. This marks 65 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 May 21, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 21 was 2,172,000, an increase of 12,000 from the previous week’s revised level. The previous week’s level was revised down by 3,000 from 2,163,000 to 2,160,000. The 4-week moving average was 2,162,500, an increase of 12,000 from the previous week’s revised average. The previous week’s average was revised down by 750 from 2,151,250 to 2,150,500.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 245,830 in the week ending May 28, an increase of 5,032 (or 2.1 percent) from the previous week. The seasonal factors had expected an increase of 5,893 (or 2.4 percent) from the previous week. There were 230,676 initial claims in the comparable week in 2015.

The advance unadjusted insured unemployment rate was 1.4 percent during the week ending May 21, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 1,976,932, a decrease of 32,311 (or -1.6 percent) from the preceding week. The seasonal factors had expected a decrease of 43,210 (or -2.2 percent) from the previous week. A year earlier the rate was 1.5 percent and the volume was 2,018,773.

The total number of people claiming benefits in all programs for the week ending May 14 was 2,049,518, a decrease of 6,372 from the previous week. There were 2,127,150 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 May 14.

Initial claims for UI benefits filed by former Federal civilian employees totaled 718 in the week ending May 21, an increase of 71 from the prior week. There were 1,032 initial claims filed by newly discharged veterans, a decrease of 15 from the preceding week.

There were 7,712 former Federal civilian employees claiming UI benefits for the week ending May 14, a decrease of 42 from the previous week. Newly discharged veterans claiming benefits totaled 13,526, a decrease of 30 from the prior week.

The highest insured unemployment rates in the week ending May 14 were in Alaska (3.6), Wyoming (2.8), West Virginia (2.6), New Jersey (2.4), Puerto Rico (2.4), California (2.3), Pennsylvania (2.3), Connecticut (2.1), Illinois (1.9), Massachusetts (1.9), and Nevada (1.9).

The largest increases in initial claims for the week ending May 21 were in Tennessee (+2,426), Oregon (+1,882), Illinois (+859), Maryland (+565), and Mississippi (+552), while the largest decreases were in Michigan (-3,075), California (-2,952), Missouri (-2,352), Pennsylvania (-2,016), and New York (-1,570).

Source: http://www.dol.gov

 

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