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Jobless Claims – November 26, 2008

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Jobless Claims At a Glance

  • Initial Claims: 529,000
  • Change from Last Week: Down 14,000
  • 4-Week Moving Average: 518,000
  • Insured Unemployment Rate: 3.0%
  • Insured Unemployment: 3,962,000

All numbers seasonally adjusted.

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UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
          SEASONALLY ADJUSTED DATA

In the week ending Nov. 22, the advance figure for seasonally adjusted initial claims was 529,000, a decrease of 14,000 from the previous week’s revised figure of 543,000. The 4-week moving average was 518,000, an increase of 11,000 from the previous week’s revised average of 507,000.
The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending Nov. 15, unchanged from the prior week’s unrevised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Nov. 15 was 3,962,000, a decrease of 54,000 from the preceding week’s revised level of 4,016,000. The 4-week moving average was 3,929,000, an increase of 60,250 from the preceding week’s revised average of 3,868,750.  
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 606,877 in the week ending Nov. 22, an increase of 93,877 from the previous week. There were 324,047 initial claims in the comparable week in 2007.
The advance unadjusted insured unemployment rate was 2.8 percent during the week ending Nov. 15, an increase of 0.2 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,748,005, an increase of 226,034 from the preceding week. A year earlier, the rate was 1.7 percent and the volume was 2,217,292.
Extended benefits were available in North Carolina and Rhode Island during the week ending Nov. 8.
Initial claims for UI benefits by former Federal civilian employees totaled 1,898 in the week ending Nov. 15, an increase of 400 from the prior week. There were 1,585 initial claims by newly discharged veterans, a decrease of 191 from the preceding week.
There were 14,827 former Federal civilian employees claiming UI benefits for the week ending Nov. 8, an increase of 538 from the previous week. Newly discharged veterans claiming benefits totaled 23,317, a decrease of 329 from the prior week.
States reported 708,083 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Nov. 8, a decrease of 4,976 from the prior week.
The highest insured unemployment rates in the week ending Nov. 8 were in Puerto Rico (5.0 percent), Oregon (4.2), Michigan (3.8), Nevada (3.8), South Carolina (3.6), New Jersey (3.5), Pennsylvania (3.5), Alaska (3.4), Arkansas (3.4), and California (3.4).
The largest increases in initial claims for the week ending Nov. 15 were in Illinois (+5,285), Michigan (+2,697), Wisconsin (+1,551), Indiana (+1,549), and Missouri (+1,487), while the largest decreases were in California (-9,436), Tennessee (-4,566), North Carolina (-4,512), New Jersey (-3,729), and Florida (-2,686).

Source: Employment and Training Administration

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