Washington, DC—(ENEWSPF)—June 12, 2014.
SEASONALLY ADJUSTED DATA
In the week ending June 7, the advance figure for seasonally adjusted initial claims was 317,000, an increase of 4,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 312,000 to 313,000. The 4-week moving average was 315,250, an increase of 4,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 310,250 to 310,500.
There were no special factors impacting this week’s initial claims.
The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending May 31, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 31 was 2,614,000, an increase of 11,000 from the previous week’s unrevised level of 2,603,000. The 4-week moving average was 2,622,000, a decrease of 13,000 from the previous week’s unrevised average of 2,635,000.
This is the lowest level for this average since November 24, 2007 when it was 2,616,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 312,129 in the week ending June 7, an increase of 47,996 (or 18.2 percent) from the previous week. The seasonal factors had expected an increase of 44,439 (or 16.8 percent) from the previous week. There were 332,964 initial claims in the comparable week in 2013.
The advance unadjusted insured unemployment rate was 1.8 percent during the week ending May 31, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,423,492, an increase of 29,114 (or 1.2 percent) from the preceding week. The seasonal factors had expected an increase of 18,218 (or 0.8 percent) from the previous week. A year earlier the rate was 2.1 percent and the volume was 2,771,143.
The total number of people claiming benefits in all programs for the week ending May 24 was 2,447,338, a decrease of 66,040 from the previous week. There were 4,507,942 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 24.
Initial claims for UI benefits filed by former Federal civilian employees totaled 1,348 in the week ending May 31, an increase of 281 from the prior week. There were 1,535 initial claims filed by newly discharged veterans, an increase of 87 from the preceding week.
There were 11,371 former Federal civilian employees claiming UI benefits for the week ending May 24, a decrease of 935 from the previous week. Newly discharged veterans claiming benefits totaled 23,719, a decrease of 985 from the prior week.
The highest insured unemployment rates in the week ending May 24 were in Alaska (3.9), Puerto Rico (3.1), Connecticut (2.8), New Jersey (2.8), California (2.7), Pennsylvania (2.7), Nevada (2.6), Illinois (2.4), Massachusetts (2.3), Oregon (2.2), and Rhode Island (2.2).
The largest increases in initial claims for the week ending May 31 were in Tennessee (+949), Puerto Rico (+787), Illinois (+654), New Mexico (+626), and Washington (+547), while the largest decreases were in California (-1,944), New Jersey (-1,654), Pennsylvania (-1,416), Massachusetts (-1,152), and North Carolina (-1,037).
Source: bls.gov
