Washington, DC—(ENEWSPF)—June 19, 2014.
SEASONALLY ADJUSTED DATA
In the week ending June 14, the advance figure for seasonally adjusted initial claims was 312,000, a decrease of 6,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 317,000 to 318,000. The 4-week moving average was 311,750, a decrease of 3,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 315,250 to 315,500.
There were no special factors impacting this week’s initial claims.
The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending June 7, a decrease of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 7 was 2,561,000, a decrease of 54,000 from the previous week’s revised level. This is the lowest level for insured unemployment since October 13, 2007 when it was 2,541,000. The previous week’s level was revised up 1,000 from 2,614,000 to 2,615,000. The 4-week moving average was 2,600,500, a decrease of 21,750 from the previous week’s revised average. This is the lowest level for this average since November 3, 2007 when it was 2,585,750. The previous week’s average was revised up by 250 from 2,622,000 to 2,622,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 300,193 in the week ending June 14, a decrease of 13,178 (or -4.2 percent) from the previous week. The seasonal factors had expected a decrease of 7,946 (or -2.5 percent) from the previous week. There were 336,970 initial claims in the comparable week in 2013.
The advance unadjusted insured unemployment rate was 1.8 percent during the week ending June 7, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,389,634, a decrease of 34,500 (or -1.4 percent) from the preceding week. The seasonal factors had expected an increase of 15,690 (or 0.6 percent) from the previous week. A year earlier the rate was 2.1 percent and the volume was 2,772,541. The total number of people claiming benefits in all programs for the week ending May 31 was 2,479,463, an increase of 32,125 from the previous week. There were 4,526,072 persons claiming benefits in all programs in the comparable week in 2013.
No state was triggered “on” the Extended Benefits program during the week ending May 31.
Initial claims for UI benefits filed by former Federal civilian employees totaled 1,255 in the week ending June 7, a decrease of 93 from the prior week. There were 1,972 initial claims filed by newly discharged veterans, an increase of 437 from the preceding week. There were 12,105 former Federal civilian employees claiming UI benefits for the week ending May 31, an increase of 734 from the previous week. Newly discharged veterans claiming benefits totaled 24,080, an increase of 361 from the prior week.
The highest insured unemployment rates in the week ending May 31 were in Alaska (4.1), Puerto Rico 3.3), New Jersey (2.9), California (2.8), Connecticut (2.8), Pennsylvania (2.7), Nevada (2.6), Illinois (2.4), Massachusetts (2.2), West Virginia (2.2), Maryland (2.1), and New Mexico (2.1).
The largest increases in initial claims for the week ending June 7 were in California (+9,935), Florida +4,050), Illinois (+3,248), Georgia (+2,997), and Pennsylvania (+2,909), while the largest decreases were in New Mexico (-332), Nebraska (-162), Alaska (-109), Kansas (-49), and North Dakota (-30).
Source: dol.gov
