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Thursday, August 20, 2009

Initial Jobless Claims Up but Unadjusted Claims Were Down

The Department of Labor (DOL) reported "seasonally adjusted" (SA) weekly unemployment insurance claims increased to 576,000. This gain in initial jobless claims was not enough to change the insured unemployment rate which remained at 4.7%:

In the week ending Aug. 15, the advance figure for seasonally adjusted initial claims was 576,000, an increase of 15,000 from the previous week's revised figure of 561,000. The 4-week moving average was 570,000, an increase of 4,250 from the previous week's revised average of 565,750.

The advance seasonally adjusted insured unemployment rate was 4.7 percent for the week ending Aug. 8, unchanged from the prior week's unrevised rate of 4.7 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Aug. 8 was 6,241,000, an increase of 2,000 from the preceding week's revised level of 6,239,000. The 4-week moving average was 6,266,000, a decrease of 2,500 from the preceding week's revised average of 6,268,500.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.565 million.

The unadjusted data show initial jobless claims actually declined by 28,406. This decline wast not enough to change the unadjusted insured unemployment rate which remained at 4.6%:
The advance number of actual (NSA) initial claims under state programs, unadjusted, totaled 454,216 in the week ending Aug. 15, a decrease of 28,406 from the previous week. There were 343,169 initial claims in the comparable week in 2008.

The advance unadjusted insured unemployment rate was 4.4 percent during the week ending Aug. 8, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,798,001, a decrease of 97,650 from the preceding week. A year earlier, the rate was 2.4 percent and the volume was 3,160,610.


UNEMPLOYMENT INSURANCE DATA
FOR REGULAR STATE PROGRAMS


Advance

WEEK ENDING Aug. 15 Aug. 8 Change

Initial Claims (SA) 576,000 561,000 +15,000
Initial Claims (NSA) 454,216 482,622 -28,406
4-Wk Moving Average (SA) 570,000 565,750 +4,250


Advance

WEEK ENDING Aug. 8 Aug. 1 Change

Ins. Unemployment (SA) 6,241,000 6,239,000 +2,000
Ins. Unemployment (NSA) 5,798,001 5,895,651 -97,650
4-Wk Moving Average (SA) 6,266,000 6,268,500 -2,500

Ins. Unemployment Rate (SA)2 4.7% 4.7% 0.0
Ins. Unemployment Rate (NSA)2
4.4% 4.4% 0.0



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