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Jobless Claims – September 24, 2008

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Jobless Claims At a Glance

  • Initial Claims: 493,000
  • Change from Last Week: Up 32,000
  • 4-Week Moving Average: 462,500
  • Insured Unemployment Rate: 2.6%
  • Insured Unemployment: 3,542,000

All numbers seasonally adjusted.

Technorati Tags: jobless, unemployment, claims

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
          SEASONALLY ADJUSTED DATA

In the week ending Sept. 20, the advance figure for seasonally adjusted initial claims was 493,000, an increase of 32,000 from the previous week’s revised figure of 461,000. It is estimated that the effects of Hurricane Gustav in Louisiana and the effects of Hurricane Ike in Texas added approximately 50,000 claims to the total. The 4-week moving average was 462,500, an increase of 16,000 from the previous week’s revised average of 446,500.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending Sept. 13, unchanged from the prior week’s unrevised rate of 2.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Sept. 13 was 3,542,000, an increase of 63,000 from the preceding week’s revised level of 3,479,000. The 4-week moving average was 3,489,250, an increase of 28,250 from the preceding week’s unrevised average of 3,461,000.  
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 3.042 million.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 395,601 in the week ending Sept. 20, an increase of 10,544 from the previous week. There were 247,643 initial claims in the comparable week in 2007.
The advance unadjusted insured unemployment rate was 2.3 percent during the week ending Sept. 13, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,014,605, a decrease of 54,090 from the preceding week. A year earlier, the rate was 1.6 percent and the volume was 2,160,459.
Extended benefits were available in Alaska and Rhode Island during the week ending Sept. 6.
Initial claims for UI benefits by former Federal civilian employees totaled 1,077 in the week ending Sept. 13, an increase of 135 from the prior week. There were 1,829 initial claims by newly discharged veterans, an increase of 134 from the preceding week.
There were 13,371 former Federal civilian employees claiming UI benefits for the week ending Sept. 6, a decrease of 31 from the previous week. Newly discharged veterans claiming benefits totaled 21,903, an increase of 650 from the prior week.
States reported 1,056,924 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Sept. 6, a decrease of 337,405 from the prior week.
The highest insured unemployment rates in the week ending Sept. 6 were in Puerto Rico (4.9 percent), New Jersey (3.3), California (3.2), Michigan (3.2), Oregon (3.2), Nevada (3.1), Pennsylvania (3.1), South Carolina (3.1), Rhode Island (2.9), and Arkansas (2.8).
The largest increases in initial claims for the week ending Sept. 13 were in Louisiana (+18,409), Florida (+4,863), California (+4,679), South Carolina (+2,562), and Kansas (+2,397), while the largest decreases were in Wisconsin (-2,373), Arkansas (-550), Indiana (-508), North Carolina (-479), and Iowa (-429).

UNEMPLOYMENT INSURANCE DATA FOR REGULAR STATE PROGRAMS



 

Advance

 

 

 

Prior1

WEEK ENDING

Sept. 20

Sept. 13

Change

Sept. 6

Year



Initial Claims (SA)

493,000

461,000

+32,000

445,000

309,000

Initial Claims
(NSA)

395,601

385,057

+10,544

336,733

247,643

4-Wk Moving Average
(SA)

462,500

446,500

+16,000

440,000

317,500

 

Advance

 

 

 

Prior1

WEEK ENDING

Sept. 13

Sept. 6

Change

Aug. 30

Year



Ins. Unemployment
(SA)

3,542,000

3,479,000

+63,000

3,532,000

2,560,000

Ins. Unemployment
(NSA)

3,014,605

3,068,695

-54,090

3,059,126

2,160,459

4-Wk Moving Average
(SA)

3,489,250

3,461,000

+28,250

3,431,000

2,575,000



Ins. Unemployment
Rate (SA)2

2.6%

2.6%

0.0

2.6%

1.9%

Ins. Unemployment Rate
(NSA)
2

2.3%

2.3%

0.0

2.3%

1.6%


INITIAL CLAIMS FILED IN FEDERAL PROGRAMS (UNADJUSTED)



 

 

 

 

Prior1

WEEK ENDING

Sept. 13

Sept. 6

Change

Year



Federal Employees

1,077

942

+135

1,034

Newly Discharged Veterans

1,829

1,695

+134

2,004


PERSONS CLAIMING UI BENEFITS IN FEDERAL PROGRAMS
(UNADJUSTED)



 

 

 

 

Prior1

WEEK ENDING

Sept. 6

Aug. 30

Change

Year



Federal Employees

13,371

13,402

-31

13,620

Newly Discharged Veterans

21,903

21,253

+650

22,077

Railroad Retirement Board

2,000

2,000

0

3,000

Extended Benefits

1,324

526

+798

5

EUC 2008

1,056,924

1,394,329

-337,405

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 133,690,617 as denominator.

UNADJUSTED INITIAL CLAIMS FOR WEEK ENDED 09/13/2008 


STATES WITH A DECREASE OF MORE THAN 1,000 



State

Change

 

State Supplied Comment

WI

-2,373

 

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


STATES WITH AN INCREASE OF MORE THAN 1,000 



State

Change

 

State Supplied Comment

TX

+1,230

 

Layoffs in the trade, service, and manufacturing industries.

OH

+1,245

 

No comment.

NY

+1,391

 

Layoffs in the construction, service, and public administration
industries.

KY

+1,509

 

Layoffs in the automobile and manufacturing industries.

VA

+1,607

 

Layoffs in the automobile and manufacturing industries.

OR

+1,755

 

No comment.

IL

+2,100

 

Layoffs in the construction, trade, and manufacturing industries.

KS

+2,397

 

No comment.

SC

+2,562

 

Layoffs in the textile and industrial machinery industries.

CA

+4,679

 

Layoffs in the construction and service industries.

FL

+4,863

 

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

LA

+18, 409

 

Claims were Hurricane Gustav related.

State Unemployment Claims Detail – September 13 2008

Source: Employment and Training Administration

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