Thursday, January 28, 2010

Jobless claims - released 8:30 am

Full report here

EMPLOYMENT AND TRAINING ADMINISTRATION
USDL 10-96-NAT
Program Contact:
TRANSMISSION OF MATERIAL IN THIS
Scott Gibbons (202) 693-3008
RELEASE IS EMBARGOED UNTIL
Tony Sznoluch (202) 693-3176
8:30 A.M. (EST), THURSDAY
Media Contact :
January 28, 2010
(202) 693-4676

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
          SEASONALLY ADJUSTED DATA

In the week ending Jan. 23, the advance figure for seasonally adjusted initial claims was 470,000, a decrease of 8,000 from the previous week's revised figure of 478,000. The 4-week moving average was 456,250, an increase of 9,500 from the previous week's revised average of 446,750.
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Jan. 16, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Jan. 16 was 4,602,000, a decrease of 57,000 from the preceding week's revised level of 4,659,000. The 4-week moving average was 4,669,250, a decrease of 94,250 from the preceding week's revised average of 4,763,500.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.404 million.  
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 500,392 in the week ending Jan. 23, a decrease of 145,417 from the previous week. There were 620,143 initial claims in the comparable week in 2009.
The advance unadjusted insured unemployment rate was 4.3 percent during the week ending Jan. 16, a decrease of 0.2 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,605,729, a decrease of 185,351 from the preceding week. A year earlier, the rate was 4.3 percent and the volume was 5,715,432.

Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin during the week ending Jan. 9.
Initial claims for UI benefits by former Federal civilian employees totaled 1,950 in the week ending Jan. 16, a decrease of 505 from the prior week. There were 2,412 initial claims by newly discharged veterans, a decrease of 73 from the preceding week.
There were 26,226 former Federal civilian employees claiming UI benefits for the week ending Jan. 9, a decrease of 1,548 from the previous week. Newly discharged veterans claiming benefits totaled 37,836, an increase of 978 from the prior week.
States reported 5,350,477 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Jan. 9, a decrease of 304,067 from the prior week. There were 1,766,009 claimants in the comparable week in 2009. EUC weekly claims include first, second, third, and fourth tier activity.
The highest insured unemployment rates in the week ending Jan. 9 were in Alaska (7.4 percent), Oregon (6.8), Wisconsin (6.6), Idaho (6.4), Michigan (6.4), Montana (6.0), Pennsylvania (6.0), Nevada (5.7), Connecticut (5.5), North Carolina (5.5), and Washington (5.5).
The largest increases in initial claims for the week ending Jan. 16 were in California (+43,748), Florida (+2,345), West Virginia (+1,460), Iowa (+937), and Puerto Rico (+415), while the largest decreases were in Pennsylvania (-25,819), New York (-22,173), North Carolina (-17,265), Wisconsin (-13,614), and Georgia (-12,452).



UNEMPLOYMENT INSURANCE DATA FOR REGULAR STATE PROGRAMS



Advance



Prior1
WEEK ENDING
Jan. 23
Jan. 16
Change
Jan. 9
Year

Initial Claims (SA)
470,000
478,000
-8,000
444,000
590,000
Initial Claims (NSA)
500,392
645,809
-145,417
802,573
620,143
4-Wk Moving Average (SA)
456,250
446,750
+9,500
440,750
547,000

Advance



Prior1
WEEK ENDING
Jan. 16
Jan. 9
Change
Jan. 2
Year

Ins. Unemployment (SA)
4,602,000
4,659,000
-57,000
4,609,000
4,673,000
Ins. Unemployment (NSA)
5,605,729
5,791,080
-185,351
6,004,895
5,715,432
4-Wk Moving Average (SA)
4,669,250
4,763,500
-94,250
4,858,250
4,566,250

Ins. Unemployment Rate (SA)2
3.5%
3.6%
-0.1
3.5%
3.5%
Ins. Unemployment Rate (NSA)2

4.3%
4.5%
-0.2
4.6%
4.3%



INITIAL CLAIMS FILED IN FEDERAL PROGRAMS (UNADJUSTED)






Prior1
WEEK ENDING
Jan. 16
Jan. 9
Change
Year

Federal Employees
1,950
2,455
-505
1,838
Newly Discharged Veterans
2,412
2,485
-73
2,221



PERSONS CLAIMING UI BENEFITS IN FEDERAL PROGRAMS (UNADJUSTED)






Prior1
WEEK ENDING
Jan. 9
Jan. 2
Change
Year

Federal Employees
26,226
27,774
-1,548
20,255
Newly Discharged Veterans
37,836
36,858
+978
27,261
Railroad Retirement Board
12,000
12,000
0
8,000
Extended Benefits
261,962
263,016
-1,054
12,472
EUC 20083
5,350,477
5,654,544
-304,067
1,766,009

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 130,128,328 as denominator.
3 - EUC weekly claims include first, second, third, and fourth tier activity.

UNADJUSTED INITIAL CLAIMS FOR WEEK ENDED 01/16/2010

STATES WITH A DECREASE OF MORE THAN 1,000 

State
Change

State Supplied Comment
PA
-25,819

Fewer layoffs in the construction, service, and transportation industries.
NY
-22,173

Fewer layoffs in the construction, service , and transportation industries.
NC
-17,265

Fewer layoffs in the service, textile, furniture, primary metals, fabricated metals, rubber/plastics, lumber/wood, electrical equipment, and electronic equipment industries.
WI
-13,614

Fewer layoffs in the construction, trade, service, and manufacturing industries.
GA
-12,452

Fewer layoffs in the trade, service, and manufacturing industries.
SC
-8,660

Fewer layoffs in the manufacturing industry.
NJ
-8,567

Fewer layoffs in the construction, trade, service, transportation, warehousing, and manufacturing industries.
TX
-8,054

Fewer layoffs in the trade, service, and manufacturing industries.
OH
-6,969

No comment.
IL
-6,465

Fewer layoffs in the trade and service industries.
VA
-6,373

Fewer layoffs in the automobile industry.
MO
-5,749

Fewer layoffs in the construction and manufacturing industries.
KY
-5,023

Fewer layoffs in the manufacturing industry.
AL
-4,749

Fewer layoffs in the manufacturing industry.
MN
-4,733

No comment.
TN
-4,564

Fewer layoffs in the service and manufacturing industries.
KS
-4,496

No comment.
MI
-4,381

No comment.
IN
-3,683

Fewer layoffs in the trade industry.
OR
-3,378

No comment.
CT
-3,242

No comment.
MA
-3,229

No comment.
WA
-2,928

No comment.
MD
-2,403

No comment.
AR
-2,148

No comment.
State
Change

State Supplied Comment
LA
-1,538

No comment.
CO
-1,454

No comment.
MS
-1,296

No comment.
ND
-1,163

No comment.
NE
-1,025

No comment.

STATES WITH AN INCREASE OF MORE THAN 1,000 

State
Change

State Supplied Comment
WV
+1,460

Layoffs in the service and information industries.
FL
+2,345

Layoffs in the construction, trade, and service industries, and agriculture.
CA
+43,748

State clearing claims backlog.
State Detail Prior Week
UI Claims Series 1967 to current




By my calculations, looking at the EUC numbers 304,067 have dropped off. Appears to me that is the amount of people who have completely ran out of all types of unemployment insurance.  Not good.

1 comment:

Anonymous said...

You have to express more your opinion to attract more readers, because just a video or plain text without any personal approach is not that valuable. But it is just form my point of view