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Jobless Claims - February 14, 2008

Jobless Claims At a Glance

  • Initial Claims: 348,000
  • Change from Last Week: Down 9,000
  • Prior Week Revision: Down 1,000
  • 4-Week Moving Average: 347,2500
  • Insured Unemployment Rate: 2.1%
  • Insured Unemployment: 2,761,000

All numbers seasonally adjusted.

Technorati Tags: jobless, unemployment, claims

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Feb. 9, the advance figure for seasonally adjusted initial claims was 348,000, a decrease of 9,000 from the previous week’s revised figure of 357,000. The 4-week moving average was 347,250, an increase of 12,000 from the previous week’s revised average of 335,250.

The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending Feb. 2, unchanged from the prior week’s unrevised rate of 2.1 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Feb. 2 was 2,761,000, a decrease of 9,000 from the preceding week’s revised level of 2,770,000. The 4-week moving average was 2,727,500, an increase of 3,500 from the preceding week’s revised average of 2,724,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 366,237 in the week ending Feb. 9, a decrease of 13,815 from the previous week. There were 363,018 initial claims in the comparable week in 2007.

The advance unadjusted insured unemployment rate was 2.5 percent during the week ending Feb. 2, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,357,880, an increase of 25,600 from the preceding week. A year earlier, the rate was 2.3 percent and the volume was 3,079,780.

Extended benefits were not available in any state during the week ending Jan. 26.

Initial claims for UI benefits by former Federal civilian employees totaled 1,046 in the week ending Feb. 2, a decrease of 125 from the prior week. There were 1,563 initial claims by newly discharged veterans, an increase of 188 from the preceding week.

There were 17,684 former Federal civilian employees claiming UI benefits for the week ending Jan. 26, a decrease of 1,593 from the previous week. Newly discharged veterans claiming benefits totaled 23,943, an increase of 474 from the prior week.

The highest insured unemployment rates in the week ending Jan. 26 were in Alaska (4.9 percent), Michigan (4.5), Rhode Island (4.0), Idaho (3.9), Wisconsin (3.9), Pennsylvania (3.8), Oregon (3.6), New Jersey (3.5), Massachusetts (3.4), Illinois (3.3), and Vermont (3.3).

The largest increases in initial claims for the week ending Feb. 2 were in Washington (+2,710), Pennsylvania (+2,387), Oregon (+2,273), Ohio (+2,215), and Florida (+2,041), while the largest decreases were in California (-2,849), Michigan (-1,723), Maryland (-1,050), Iowa (-870), and Massachusetts (-690).

UNEMPLOYMENT INSURANCE DATA FOR REGULAR STATE PROGRAMS



summary="table represents UNEMPLOYMENT INSURANCE DATA FOR REGULAR STATE PROGRAMS"
border=0>

 

Advance

 

 

 

Prior1

WEEK ENDING

Feb. 9

Feb. 2

Change

Jan. 26

Year



Initial Claims (SA)

width="12%">

348,000

width="12%">

357,000

width="12%">

-9,000

width="11%">

378,000

width="11%">

356,000

Initial Claims
(NSA)

width="12%">

366,237

width="12%">

380,052

width="12%">

-13,815

width="11%">

369,944

width="11%">

363,018

4-Wk Moving Average
(SA)

width="12%">

347,250

width="12%">

335,250

width="12%">

+12,000

width="11%">

326,500

width="11%">

328,750

 

Advance

 

 

 

Prior1

WEEK ENDING

Feb. 2

Jan. 26

Change

Jan. 19

Year



Ins. Unemployment
(SA)

width="12%">

2,761,000

width="12%">

2,770,000

width="12%">

-9,000

width="11%">

2,710,000

width="11%">

2,549,000

Ins. Unemployment
(NSA)

width="12%">

3,357,880

width="12%">

3,332,280

width="12%">

+25,600

width="11%">

3,249,574

width="11%">

3,079,780

4-Wk Moving Average
(SA)

width="12%">

2,727,500

width="12%">

2,724,000

width="12%">

+3,500

width="11%">

2,703,500

width="11%">

2,498,750



Ins. Unemployment
Rate (SA)2

headers="ins._unemployment_rate_sa weekending advance date11"
width="12%">

2.1%

width="12%">

2.1%

width="12%">

0.0

width="11%">

2.0%

width="11%">

1.9%

Ins. Unemployment Rate
(NSA)
2

headers="ins._unemployment_rate_nsa weekending advance date11"
width="12%">

2.5%

width="12%">

2.5%

width="12%">

0.0

width="11%">

2.4%

width="11%">

2.3%


INITIAL CLAIMS FILED IN FEDERAL PROGRAMS (UNADJUSTED)



 

 

 

 

Prior1

WEEK ENDING

Feb. 2

Jan. 26

Change

Year



Federal Employees

1,046

1,171

-125

1,176

Newly Discharged Veterans

1,563

1,375

+188

1,792


PERSONS CLAIMING UI BENEFITS IN FEDERAL PROGRAMS
(UNADJUSTED)



 

 

 

 

Prior1

WEEK ENDING

Jan. 26

Jan. 19

Change

Year



Federal Employees

17,684

19,277

-1,593

17,556

Newly Discharged Veterans

23,943

23,469

+474

25,208

Railroad Retirement Board

4,000

4,000

0

4,000

Extended Benefits

0

0

0

0


FOOTNOTES
SA - Seasonally Adjusted Data
NSA -
Not Seasonally Adjusted Data

1 - Prior year is comparable
to most recent data.

2 - Most recent week used covered employment of 133,010,953 as denominator.

UNADJUSTED INITIAL CLAIMS FOR WEEK ENDED 02/02/2008 


STATES WITH A DECREASE OF MORE THAN 1,000 



State

Change

 

State Supplied Comment

CA

-2,849

 

Fewer layoffs in the service industry.

MI

-1,723

 

Fewer layoffs in all industries.

MD

-1,050

 

No comment.


STATES WITH AN INCREASE OF MORE THAN 1,000 



State

Change

 

State Supplied Comment

NY

+1,123

 

Layoffs in the construction and service industries.

TX

+1,163

 

Layoffs in the trade, service, and manufacturing industries.

FL

+2,041

 

Layoffs in the construction, trade, service, and manufacturing
industries.

OH

+2,215

 

Layoffs in the automobile industry.

OR

+2,273

 

No comment.

PA

+2,387

 

Layoffs in the public administration, textile, petroleum,
transportation equipment, primary metals, leather goods, and paper industries.

WA

+2,710

 

Layoffs in the construction, service, and manufacturing industries.

State Unemployment Claims Details 2/2/2008

Source: Department of Labor, Employment and Training Administration

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