Unemployment insurance claims show miniscule reduction

The highest insured unemployment rates in the week ending June 21 were in Puerto Rico (3.8), Alaska (3.4), Pennsylvania (2.9), Connecticut (2.8), New Jersey (2.8), California (2.7), Nevada (2.6), Illinois (2.4), Massachusetts (2.2), Oregon (2.2), Rhode Island (2.2), and Virgin Islands (2.2). The largest increases in initial claims for the week ending June 28 were in New Jersey (+8,579), Massachusetts (+4,566), Connecticut (+1,409), Michigan (+983), and New York (+916), while the largest decreases were in California (-7,294), Pennsylvania (-4,608), Illinois (-1,243), Maryland (-1,092), and Wisconsin (-1,063).

SEASONALLY ADJUSTED DATA

In the week ending July 5, the advance figure for seasonally adjusted initial claims was 304,000, a decrease of 11,000 from the previous week’s unrevised level of 315,000. The 4-week moving average was 311,500, a decrease of 3,500 from the previous week’s unrevised average of 315,000.

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 June 28, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 28 was 2,584,000, an increase of 10,000 from the previous week’s revised level. The previous week’s level was revised down by 5,000 from 2,579,000 to 2,574,000. The 4-week moving average was 2,571,250, a decrease of 7,750 from the previous week’s revised average. This is the lowest level for this average since October 27, 2007 when it was 2,561,750. The previous week’s average was revised down by 1,250 from 2,580,250 to 2,579,000.

DOL-CHART-1

UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 322,248 in the week ending July 5, an increase of 16,542 (or +5.4 percent) from the previous week. The seasonal factors had expected an increase of 28,394 (or + 9.3 percent) from the previous week. There were 383,811 initial claims in the comparable week in 2013. The advance unadjusted insured unemployment rate was 1.8 percent during the week ending June 28, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,393,005, a decrease of 18,627 (or -0.8 percent) from the preceding week. The seasonal factors had expected a decrease of 28,312 (or -1.2 percent) from the previous week. A year earlier the rate was 2.2 percent and the volume was 2,807,991.

DOL-CHART-2

The total number of people claiming benefits in all programs for the week ending June 21 was 2,465,792, a decrease of 3,427 from the previous week. There were 4,514,417 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 June 21.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,382 in the week ending June 28, an increase of 266 from the prior week. There were 1,836 initial claims filed by newly discharged veterans, an increase of 36 from the preceding week.

There were 11,496 former Federal civilian employees claiming UI benefits for the week ending June 21, a decrease of 266 from the previous week. Newly discharged veterans claiming benefits totaled 23,570, a decrease of 213 from the prior week.

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