Washington, DC—(ENEWSPF)—November 17, 2016
SEASONALLY ADJUSTED DATA
In the week ending November 12, the advance figure for seasonally adjusted initial claims was 235,000, a decrease of 19,000 from the previous week’s unrevised level of 254,000. This is the lowest level for initial claims since November 24, 1973 when it was 233,000. The 4-week moving average was 253,500, a decrease of 6,500 from the previous week’s revised average.
The previous week’s average was revised up by 250 from 259,750 to 260,000.
There were no special factors impacting this week’s initial claims. This marks 89 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending November 5, 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 November 5 was 1,977,000, a decrease of 66,000 from the previous week’s revised level. This is the lowest level for insured unemployment since April 15, 2000 when it was 1,962,000. The previous week’s level was revised up 2,000 from 2,041,000 to 2,043,000. The 4-week moving average was 2,022,500, a decrease of 19,250 from the previous week’s revised
average. This is the lowest level for this average since June 17, 2000 when it was 2,016,750. The previous week’s average was revised up by 2,250 from 2,039,500 to 2,041,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 225,366 in the week ending November 12, a decrease of 33,234 (or -12.9 percent) from the previous week. The seasonal factors had expected a decrease of 14,748 (or -5.7 percent) from the previous week. There were 264,816 initial claims in the comparable week in 2015.
The advance unadjusted insured unemployment rate was 1.3 percent during the week ending November 5, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 1,735,911, a decrease of 27,245 (or -1.5 percent) from the preceding week. The seasonal factors had expected an increase of 30,646 (or 1.7 percent) from the previous week. A year earlier the rate was 1.4 percent and the volume was 1,905,959.
The total number of people claiming benefits in all programs for the week ending October 29 was 1,806,847, an increase of 23,556 from the previous week. There were 1,950,866 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 29.
Initial claims for UI benefits filed by former Federal civilian employees totaled 1,514 in the week ending November 5, an increase of 216 from the prior week. There were 1,077 initial claims filed by newly discharged veterans, an increase of 69 from the preceding week.
There were 13,400 former Federal civilian employees claiming UI benefits for the week ending October 29, an increase of 2,814 from the previous week. Newly discharged veterans claiming benefits totaled 13,438, an increase of 103 from the prior week.
The highest insured unemployment rates in the week ending October 29 were in Alaska (3.4), Puerto Rico (2.6), the Virgin Islands (2.4), New Jersey (2.2), California (2.0), Connecticut (2.0), Pennsylvania (1.9), Massachusetts (1.7), Nevada (1.7), West Virginia (1.7), and Wyoming (1.7).
The largest increases in initial claims for the week ending November 5 were in New York (+2,235), Texas (+2,166), Michigan (+2,016), Pennsylvania (+1,684), and Massachusetts (+1,526), while the largest decreases were in Kentucky (-The largest increases in initial claims for the week ending November 5 were in New York (+2,235), Texas (+2,166), Michigan (+2,016), Pennsylvania (+1,684), and Massachusetts (+1,526), while the largest decreases were in Kentucky (-4,452), Missouri (-4,186), North Carolina (-943), Georgia (-401), and the Virgin Islands (-23).
Source: www.dol.gov
