Unemployment Insurance Weekly Claims Report for Week Ending July 23, 2016

Washington, DC—(ENEWSPF)—July 28, 2016

SEASONALLY ADJUSTED DATA

In the week ending July 23, the advance figure for seasonally adjusted initial claims was 266,000, an increase of 14,000 from the previous week’s revised level. The previous week’s level was revised down by 1,000 from 253,000 to 252,000. The 4-week moving average was 256,500, a decrease of 1,000 from the previous week’s revised average. The previous week’s average was revised down by 250 from 257,750 to 257,500.

There were no special factors impacting this week’s initial claims. This marks 73 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 July 16, an increase of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 16 was 2,139,000, an increase of 7,000 from the previous week’s revised level. The previous week’s level was revised up 4,000 from 2,128,000 to 2,132,000. The 4-week moving average was 2,135,250, a decrease of 7,000 from the previous week’s revised average. This is the lowest level for this average since November 11, 2000 when it was 2,119,750. The previous week’s average was revised up by 1,000 from 2,141,250 to 2,142,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 231,325 in the week ending July 23, a decrease of 36,971 (or -13.8 percent) from the previous week. The seasonal factors had expected a decrease of 49,079 (or -18.3 percent) from the previous week. There were 230,314 initial claims in the comparable week in 2015.

The advance unadjusted insured unemployment rate was 1.6 percent during the week ending July 16, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,137,129, a decrease of 22,544 (or -1.0 percent) from the preceding week. The seasonal factors had expected a decrease of 29,847 (or -1.4 percent) from the previous week. A year earlier the rate was 1.7 percent and the volume was 2,258,311.

The total number of people claiming benefits in all programs for the week ending July 9 was 2,197,860, an increase of 124,201 from the previous week. There were 2,300,027 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 July 9.

Initial claims for UI benefits filed by former Federal civilian employees totaled 948 in the week ending July 16, an increase of 84 from the prior week. There were 1,094 initial claims filed by newly discharged veterans, an increase of 133 from the preceding week.

There were 7,688 former Federal civilian employees claiming UI benefits for the week ending July 9, an increase of 685 from the previous week. Newly discharged veterans claiming benefits totaled 13,323, an increase of 659 from the prior week.

The highest insured unemployment rates in the week ending July 9 were in Puerto Rico (3.3), Alaska (2.8), New Jersey (2.8), Connecticut (2.7), Pennsylvania (2.5), West Virginia (2.5), Rhode Island (2.3), Wyoming (2.3), California (2.2), and Illinois (2.0).

The largest increases in initial claims for the week ending July 16 were in California (+4,941), Georgia (+4,554), Alabama (+2,851), Oregon (+2,722), and Texas (+1,408), while the largest decreases were in New York (-12,012), Michigan (-9,419), Missouri (-4,432), Pennsylvania (-3,647), and Ohio (-2,550).

Source: http://www.dol.gov

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