Jobless claims - 8:35AM

Full report here UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending July 25, the advance figure for seasonally adjusted initial claims was 584,000, an increase of 25,000 from the previous week's revised figure of 559,000. The 4-week moving average was 559,000, a decrease of 8,250 from the previous week's revised average of 567,250. The advance seasonally adjusted insured unemployment rate was 4.7 percent for the week ending July 18, unchanged from the prior week's unrevised rate of 4.7 percent. The advance number for seasonally adjusted insured unemployment during the week ending July 18 was 6,197,000, a decrease of 54,000 from the preceding week's revised level of 6,251,000. The 4-week moving average was 6,416,250, a decrease of 131,750 from the preceding week's revised average of 6,548,000. The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.497 million. UNADJUSTED DATA The advance number of actual initial claims under state programs, unadjusted, totaled 507,464 in the week ending July 25, a decrease of 78,111 from the previous week. There were 376,123 initial claims in the comparable week in 2008. The advance unadjusted insured unemployment rate was 4.6 percent during the week ending July 18, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 6,060,671, a decrease of 196,289 from the preceding week. A year earlier, the rate was 2.4 percent and the volume was 3,208,848. 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, Montana, 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 11. Initial claims for UI benefits by former Federal civilian employees totaled 1,691 in the week ending July 18, a decrease of 343 from the prior week. There were 2,061initial claims by newly discharged veterans, a decrease of 173 from the preceding week. There were 18,717 former Federal civilian employees claiming UI benefits for the week ending July 11, an increase of 256 from the previous week. Newly discharged veterans claiming benefits totaled 29,932, an increase of 834 from the prior week. States reported 2,656,879 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending July 11, an increase of 24,518 from the prior week. There were 127,438 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 11 were in Puerto Rico (7.3 percent), Michigan (7.2), Oregon (6.7), Pennsylvania (6.4), Nevada (6.2), Wisconsin (6.1), Connecticut (5.6), New Jersey (5.6), Arkansas (5.5), California (5.5), North Carolina (5.5), and South Carolina (5.5). The largest increases in initial claims for the week ending July 18 were in California (+4,290), Michigan (+3,654), Florida (+3,291), Connecticut (+749), and Indiana (+526), while the largest decreases were in New York (-22,052), Wisconsin (-6,791), Missouri (-6,529), Pennsylvania (-6,420), and Ohio (-5,062).