Thursday, August 13, 2009

Jobless claims - 8:30am - Opps!

Full report here Program Contact: TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL 8:30 A.M. (EDT), THURSDAY August 13, 2009 UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending Aug. 8, the advance figure for seasonally adjusted initial claims was 558,000, an increase of 4,000 from the previous week's revised figure of 554,000. The 4-week moving average was 565,000, an increase of 8,500 from the previous week's revised average of 556,500. The advance seasonally adjusted insured unemployment rate was 4.7 percent for the week ending Aug. 1, a decrease of 0.1 percentage point from the prior week's revised rate of 4.8 percent. The advance number for seasonally adjusted insured unemployment during the week ending Aug. 1 was 6,202,000, a decrease of 141,000 from the preceding week's revised level of 6,343,000. The 4-week moving average was 6,259,250, a decrease of 27,750 from the preceding week's revised average of 6,287,000. The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.548 million. UNADJUSTED DATA The advance number of actual initial claims under state programs, unadjusted, totaled 479,824 in the week ending Aug. 8, an increase of 13,129 from the previous week. There were 373,858 initial claims in the comparable week in 2008. The advance unadjusted insured unemployment rate was 4.4 percent during the week ending Aug. 1, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,860,918, a decrease of 158,904 from the preceding week. A year earlier, the rate was 2.4 percent and the volume was 3,199,339. Extended benefits were available in Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, and Wisconsin during the week ending July 25. Initial claims for UI benefits by former Federal civilian employees totaled 1,368 in the week ending Aug. 1, a decrease of 293 from the prior week. There were 2,020 initial claims by newly discharged veterans, an increase of 39 from the preceding week. There were 19,568 former Federal civilian employees claiming UI benefits for the week ending July 25, a decrease of 215 from the previous week. Newly discharged veterans claiming benefits totaled 30,340, an increase of 233 from the prior week. States reported 2,785,372 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending July 25, an increase of 30,981 from the prior week. There were 747,707 claimants in the comparable week in 2008. EUC weekly claims include both first and second tier activity. The highest insured unemployment rates in the week ending July 25 were in Michigan (6.8 percent), Puerto Rico (6.7), Oregon (6.3), Pennsylvania (6.2), Nevada (6.0), Wisconsin (5.6), Connecticut (5.5), California (5.4), New Jersey (5.4), and Illinois (5.3). The largest increases in initial claims for the week ending Aug. 1 were in Alabama (+721), Washington (+692), Nebraska (+306), Kentucky (+247), and Delaware (+157), while the largest decreases were in California (-7,258), Michigan (-7,031), Tennessee (-4,391), Florida (-3,358), and Georgia (-2,538). More at link

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