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Jobless Claims - February 27, 2008

Jobless Claims At a Glance

  • Initial Claims: 373,000
  • Change from Last Week: U 19,000
  • Prior Week Revision: Up 5,000
  • 4-Week Moving Average: 360,500
  • Insured Unemployment Rate: 2.1%
  • Insured Unemployment: 2,807,000

All numbers seasonally adjusted.

Technorati Tags: jobless, unemployment, claims

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Feb. 23, the advance figure for seasonally adjusted initial claims was 373,000, an increase of 19,000 from the previous week’s revised figure of 354,000. The 4-week moving average was 360,500, a decrease of 1,250 from the previous week’s revised average of 361,750.

The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending Feb. 16, 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. 16 was 2,807,000, an increase of 21,000 from the preceding week’s revised level of 2,786,000. The 4-week moving average was 2,777,500, an increase of 24,250 from the preceding week’s revised average of 2,753,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 328,178 in the week ending Feb. 23, an increase of 2,447 from the previous week. There were 299,000 initial claims in the comparable week in 2007.

The advance unadjusted insured unemployment rate was 2.5 percent during the week ending Feb. 16, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,304,389, a decrease of 11,169 from the preceding week. A year earlier, the rate was 2.3 percent and the volume was 3,075,023.

Extended benefits were not available in any state during the week ending Feb. 9.

Initial claims for UI benefits by former Federal civilian employees totaled 874 in the week ending Feb. 16, a decrease of 234 from the prior week. There were 1,419 initial claims by newly discharged veterans, a decrease of 154 from the preceding week.

There were 16,327 former Federal civilian employees claiming UI benefits for the week ending Feb. 9, a decrease of 2,350 from the previous week. Newly discharged veterans claiming benefits totaled 23,235, a decrease of 140 from the prior week.

The highest insured unemployment rates in the week ending Feb. 9 were in Alaska (4.8 percent), Michigan (4.4), Rhode Island (4.2), Idaho (4.0), Pennsylvania (3.8), Wisconsin (3.8), Oregon (3.7), Massachusetts (3.4), New Jersey (3.4), and Vermont (3.3).

The largest increases in initial claims for the week ending Feb. 16 were in North Carolina (+1,201), Wisconsin (+259), Louisiana (+172), and Rhode Island (+78), while the largest decreases were in California (-16,027), Kentucky (-4,709), Illinois (-3,912), Oregon (-3,078), and Michigan (-2,827).

UNEMPLOYMENT INSURANCE DATA FOR REGULAR STATE PROGRAMS



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

 

Advance

 

 

 

Prior1

WEEK ENDING

Feb. 23

Feb. 16

Change

Feb. 9

Year



Initial Claims (SA)

width="12%">

373,000

width="12%">

354,000

width="12%">

+19,000

width="11%">

358,000

width="11%">

337,000

Initial Claims
(NSA)

width="12%">

328,178

width="12%">

325,731

width="12%">

+2,447

width="11%">

377,457

width="11%">

299,000

4-Wk Moving Average
(SA)

width="12%">

360,500

width="12%">

361,750

width="12%">

-1,250

width="11%">

349,750

width="11%">

335,000

 

Advance

 

 

 

Prior1

WEEK ENDING

Feb. 16

Feb. 9

Change

Feb. 2

Year



Ins. Unemployment
(SA)

width="12%">

2,807,000

width="12%">

2,786,000

width="12%">

+21,000

width="11%">

2,737,000

width="11%">

2,624,000

Ins. Unemployment
(NSA)

width="12%">

3,304,389

width="12%">

3,315,558

width="12%">

-11,169

width="11%">

3,328,590

width="11%">

3,075,023

4-Wk Moving Average
(SA)

width="12%">

2,777,500

width="12%">

2,753,250

width="12%">

+24,250

width="11%">

2,724,000

width="11%">

2,534,500



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%">

2.1%

width="11%">

2.0%

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%">

2.5%

width="11%">

2.3%


INITIAL CLAIMS FILED IN FEDERAL PROGRAMS (UNADJUSTED)



 

 

 

 

Prior1

WEEK ENDING

Feb. 16

Feb. 9

Change

Year



Federal Employees

874

1,108

-234

888

Newly Discharged Veterans

1,419

1,573

-154

1,584


PERSONS CLAIMING UI BENEFITS IN FEDERAL PROGRAMS
(UNADJUSTED)



 

 

 

 

Prior1

WEEK ENDING

Feb. 9

Feb. 2

Change

Year



Federal Employees

16,327

18,677

-2,350

16,206

Newly Discharged Veterans

23,235

23,375

-140

24,159

Railroad Retirement Board

4,000

4,000

0

3,000

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 02/16/2008 


STATES WITH A DECREASE OF MORE THAN 1,000 



State

Change

 

State Supplied Comment

CA

-16,027

 

Fewer layoffs in the service industry.

KY

-4,709

 

Fewer layoffs in the manufacturing industry.

IL

-3,912

 

Fewer layoffs in the construction, trade, and manufacturing
industries.

OR

-3,078

 

No comment.

MI

-2,827

 

No comment.

PA

-2,139

 

Fewer layoffs in the chemical, petroleum, information, and
electrical equipment industries.

WA

-2,077

 

No comment.

GA

-1,918

 

Fewer layoffs in the manufacturing industry.

OH

-1,856

 

No comment.

NY

-1,470

 

Fewer layoffs in the transportation and manufacturing industries.

NJ

-1,299

 

Fewer layoffs in the construction, trade, service, and manufacturing
industries.

SC

-1,279

 

Fewer layoffs in the manufacturing industry.

FL

-1,186

 

No comment.


STATES WITH AN INCREASE OF MORE THAN 1,000 



State

Change

 

State Supplied Comment

NC

+1,201

 

Layoffs in the construction, transportation equipment, and
lumber/wood industries.

Prior Week State Unemployment Claims Detail

Source: Department of Labor, Employment and Training Administration

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