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Jobless Claims - April 24, 2008

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Jobless Claims At a Glance

  • Initial Claims: 342,000
  • Change from Last Week: Down 33,000
  • 4-Week Moving Average: 369,500
  • Insured Unemployment Rate: 2.2%
  • Insured Unemployment: 2,934,000

All numbers seasonally adjusted.

Technorati Tags: jobless, unemployment, claims

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending April 19, the advance figure for seasonally adjusted initial claims was 342,000, a decrease of 33,000 from the previous week’s revised figure of 375,000. The 4-week moving average was 369,500, a decrease of 7,250 from the previous week’s revised average of 376,750.

The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending April 12, unchanged from the prior week’s unrevised rate of 2.2 percent.

The advance number for seasonally adjusted insured unemployment during the week ending April 12 was 2,934,000, a decrease of 65,000 from the preceding week’s revised level of 2,999,000. The 4-week moving average was 2,959,500, an increase of 20,500 from the preceding week’s revised average of 2,939,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 325,867 in the week ending April 19, a decrease of 44,935 from the previous week. There were 303,984 initial claims in the comparable week in 2007.

The advance unadjusted insured unemployment rate was 2.3 percent during the week ending April 12, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,042,587, a decrease of 46,373 from the preceding week. A year earlier, the rate was 2.0 percent and the volume was 2,634,301.

Extended benefits were not available in any state during the week ending April 5.

Initial claims for UI benefits by former Federal civilian employees totaled 1,020 in the week ending April 12, an increase of 96 from the prior week. There were 1,478 initial claims by newly discharged veterans, an increase of 86 from the preceding week.

There were 12,601 former Federal civilian employees claiming UI benefits for the week ending April 5, a decrease of 1,811 from the previous week. Newly discharged veterans claiming benefits totaled 21,588, an increase of 26 from the prior week.

The highest insured unemployment rates in the week ending April 5 were in Michigan (4.2 percent), Puerto Rico (4.2), Alaska (4.1), Rhode Island (3.5), Wisconsin (3.5), Oregon (3.3), Pennsylvania (3.3), Vermont (3.3), New Jersey (3.2), California (3.1), Idaho (3.0), and Massachusetts (3.0).

The largest increases in initial claims for the week ending April 12 were in California (+8,791), Florida (+4,281), Michigan (+2,943), North Carolina (+2,415), and Puerto Rico (+1,452), while the largest decreases were in Kentucky (-2,502), Oregon (-1,646), South Carolina (-1,543), New York (-1,436), and Illinois (-1,397).

UNEMPLOYMENT INSURANCE DATA FOR REGULAR STATE PROGRAMS



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

 

Advance

 

 

 

Prior1

WEEK ENDING

April 19

April 12

Change

April 5

Year



Initial Claims (SA)

width="12%">

342,000

width="12%">

375,000

width="12%">

-33,000

width="11%">

355,000

width="11%">

316,000

Initial Claims
(NSA)

width="12%">

325,867

width="12%">

370,802

width="12%">

-44,935

width="11%">

357,206

width="11%">

303,984

4-Wk Moving Average
(SA)

width="12%">

369,500

width="12%">

376,750

width="12%">

-7,250

width="11%">

376,750

width="11%">

324,000

 

Advance

 

 

 

Prior1

WEEK ENDING

April 12

April 5

Change

March 29

Year



Ins. Unemployment
(SA)

width="12%">

2,934,000

width="12%">

2,999,000

width="12%">

-65,000

width="11%">

2,953,000

width="11%">

2,555,000

Ins. Unemployment
(NSA)

width="12%">

3,042,587

width="12%">

3,088,960

width="12%">

-46,373

width="11%">

3,200,533

width="11%">

2,634,301

4-Wk Moving Average
(SA)

width="12%">

2,959,500

width="12%">

2,939,000

width="12%">

+20,500

width="11%">

2,905,500

width="11%">

2,517,750



Ins. Unemployment
Rate (SA)2

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

2.2%

width="12%">

2.2%

width="12%">

0.0

width="11%">

2.2%

width="11%">

1.9%

Ins. Unemployment Rate
(NSA)
2

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

2.3%

width="12%">

2.3%

width="12%">

0.0

width="11%">

2.4%

width="11%">

2.0%


INITIAL CLAIMS FILED IN FEDERAL PROGRAMS (UNADJUSTED)



 

 

 

 

Prior1

WEEK ENDING

April 12

April 5

Change

Year



Federal Employees

1,020

924

+96

991

Newly Discharged Veterans

1,478

1,392

+86

1,594


PERSONS CLAIMING UI BENEFITS IN FEDERAL PROGRAMS
(UNADJUSTED)



 

 

 

 

Prior1

WEEK ENDING

April 5

March 29

Change

Year



Federal Employees

12,601

14,412

-1,811

12,743

Newly Discharged Veterans

21,588

21,562

+26

22,871

Railroad Retirement Board

3,000

3,000

0

2,000

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 133,382,559 as denominator.

UNADJUSTED INITIAL CLAIMS FOR WEEK ENDED 04/12/2008 


STATES WITH A DECREASE OF MORE THAN 1,000 



State

Change

 

State Supplied Comment

KY

-2,502

 

Fewer layoffs in the automobile and manufacturing industries.

OR

-1,646

 

No comment.

SC

-1,543

 

Fewer layoffs in the manufacturing industry.

NY

-1,436

 

Fewer layoffs in the service and transportation industries.

IL

-1,397

 

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

OH

-1,308

 

No comment.

GA

-1,236

 

Fewer layoffs in the furniture industry.

AL

-1,107

 

Fewer layoffs in the electrical equipment industry.


STATES WITH AN INCREASE OF MORE THAN 1,000 



State

Change

 

State Supplied Comment

MO

+1,021

 

Layoffs in the construction industry.

KS

+1,129

 

Layoffs in the construction and manufacturing industries.

AZ

+1,130

 

No comment.

MS

+1,188

 

Layoffs in the automobile and manufacturing industries.

PR

+1,452

 

No comment.

NC

+2,415

 

Layoffs in the construction, apparel, furniture, and transportation
industries.

MI

+2,943

 

Layoffs in the automobile industry.

FL

+4,281

 

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

CA

+8,791

 

Layoffs in the construction, trade, and service industries.

State Jobless Claims Detail 4/12/2008

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One Trackback/Pingback

  1. [...] traveldealplan wrote an interesting post today onHere’s a quick excerptThe highest insured unemployment rates in the week ending April 5 were in Michigan (4.2 percent), Puerto Rico (4.2), Alaska (4.1), Rhode Island (3.5), Wisconsin (3.5), Oregon (3.3), Pennsylvania (3.3), Vermont (3.3), New Jersey (3.2), … [...]

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