Drop In Unemployment Insurance Claims

Seasonally adjusted initial unemployment insurance claims in the week ending December 13 totaled 289,000, down 6,000 from the previous week, according to the Bureau of Labor Statistics.

The previous week’s claims level was revised up by 1,000 from 294,000 to 295,000.

The 4-week moving average was 298,750, a decrease of 750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 299,250 to 299,500.

The advance seasonally adjusted insured unemployment rate was 1.8% for the week ending December 6, 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 December 6 was 2,373,000, a decrease of 147,000 from the previous week’s revised level.

The previous week’s level was revised up 6,000 from 2,514,000 to 2,520,000.

The 4-week moving average was 2,397,000, an increase of 10,000 from the previous week’s revised average.

The previous week’s average was revised up by 1,500 from 2,385,500 to 2,387,000.

SEASONALLY UNADJUSTED UNEMPLOYMENT INSURANCE DATA

The advance number of actual initial unemployment insurance claims under state programs, unadjusted, totaled 326,930 in the week ending December 13, a decrease of 61,841 (or -15.9%) from the previous week.

The seasonal factors had expected a decrease of 55,076 (or -14.2%) from the previous week. There were 414,613 initial unemployment insurance claims in the comparable week in 2013.

The advance unadjusted insured unemployment rate was 1.8% during the week ending December 6.

The advance unadjusted number for persons claiming unemployment insurance benefits in state programs totaled 2,349,128, a decrease of 166,134 (or -6.6%) from the preceding week. The seasonal factors had expected a decrease of 20,162 (or -0.8%) from the previous week.

A year earlier the rate was 2.2% and the volume was 2,880,807.

The total number of people claiming benefits in all programs for the week ending November 29 was 2,576,605, an increase of 422,949 from the previous week.

There were 4,423,024 persons claiming benefits in all programs in the comparable week in 2013.

The highest insured unemployment rates in the week ending November 29 were in Alaska (4.7), Puerto Rico (3.4), New Jersey (3.2), California (2.9), the Virgin Islands (2.9), Montana (2.8), Connecticut (2.7), Nevada (2.7), Pennsylvania (2.7), and West Virginia (2.5).

The largest increases in initial claims for the week ending December 6 were in Pennsylvania (+12,302), Texas (+9,107), Georgia (+8,214), California (+6,051), and New York (+5,972), while the largest decreases were in Nebraska (-429), Vermont (-353), Arkansas (-216), Kentucky (-134), and North Dakota (-13).

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By THE ASSOCIATED PRESS Weekly unemployment benefit applications dropped 6,000 to a seasonally adjusted 289,000, the Labor Department said on Thursday.

Source: The New York Times – The New American Job Newsfeed

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