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Jobless Claims - November 20, 2008

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Jobless Claims At a Glance

  • Initial Claims: 542,000
  • Change from Last Week: Up 27,000
  • 4-Week Moving Average: 506,500
  • Insured Unemployment Rate: 2.9%
  • Insured Unemployment: 4,012,000

All numbers seasonally adjusted.

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UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
          SEASONALLY ADJUSTED DATA

In the week ending Nov. 15, the advance figure for seasonally adjusted initial claims was 542,000, an increase of 27,000 from the previous week’s revised figure of 515,000. The 4-week moving average was 506,500, an increase of 15,750 from the previous week’s revised average of 490,750.
The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending Nov. 8, an increase of 0.1 percentage point from the prior week’s unrevised rate of 2.9 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Nov. 8 was 4,012,000, an increase of 109,000 from the preceding week’s revised level of 3,903,000. The 4-week moving average was 3,867,000, an increase of 71,250 from the preceding week’s revised average of 3,795,750.  
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 511,941 in the week ending Nov. 15, a decrease of 26,717 from the previous week. There were 323,124 initial claims in the comparable week in 2007.
The advance unadjusted insured unemployment rate was 2.6 percent during the week ending Nov. 8, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,518,151, an increase of 60,257 from the preceding week. A year earlier, the rate was 1.7 percent and the volume was 2,293,829.
Extended benefits were available in North Carolina and Rhode Island during the week ending Nov. 1.
Initial claims for UI benefits by former Federal civilian employees totaled 1,477 in the week ending Nov. 8, an increase of 18 from the prior week. There were 1,732 initial claims by newly discharged veterans, an increase of 124 from the preceding week.
There were 14,297 former Federal civilian employees claiming UI benefits for the week ending Nov. 1, a decrease of 222 from the previous week. Newly discharged veterans claiming benefits totaled 23,603, an increase of 160 from the prior week.
States reported 713,059 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Nov. 1, a decrease of 43,624 from the prior week.
The highest insured unemployment rates in the week ending Nov. 1 were in Puerto Rico (5.3 percent), Oregon (3.9), California (3.7), Nevada (3.7), Michigan (3.5), Alaska (3.4), Pennsylvania (3.4), South Carolina (3.4), New Jersey (3.3), Arkansas (3.2), and North Carolina (3.2).
The largest increases in initial claims for the week ending Nov. 8 were in California (+15,532), North Carolina (+6,453), Tennessee (+5,067), New Jersey (+4,706), and New York (+3,680), while the largest decreases were in Kentucky (-1,562), Puerto Rico (-875), Delaware (-751), Maine (-349), and Rhode Island (-335).

Source: Employment and Training Administration

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