Thursday, July 9, 2009

Jobless claims - July 9, 2009

Full report here UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending July 4, the advance figure for seasonally adjusted initial claims was 565,000, a decrease of 52,000 from the previous week's revised figure of 617,000. The 4-week moving average was 606,000, a decrease of 10,000 from the previous week's revised average of 616,000. The advance seasonally adjusted insured unemployment rate was 5.1 percent for the week ending June 27, an increase of 0.1 percentage point from the prior week's unrevised rate of 5.0 percent. The advance number for seasonally adjusted insured unemployment during the week ending June 27 was 6,883,000, an increase of 159,000 from the preceding week's revised level of 6,724,000. The 4-week moving average was 6,769,000, an increase of 12,000 from the preceding week's revised average of 6,757,000. The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.421 million. UNADJUSTED DATA The advance number of actual initial claims under state programs, unadjusted, totaled 577,506 in the week ending July 4, an increase of 17,612 from the previous week. There were 401,672 initial claims in the comparable week in 2008. The advance unadjusted insured unemployment rate was 4.5 percent during the week ending June 27, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 6,043,561, a decrease of 34,892 from the preceding week. A year earlier, the rate was 2.1 percent and the volume was 2,857,438. Extended benefits were available in Alaska, Arizona, Arkansas, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, Washington, and Wisconsin during the week ending June 20. Initial claims for UI benefits by former Federal civilian employees totaled 1,628 in the week ending June 27, an increase of 54 from the prior week. There were 2,062 initial claims by newly discharged veterans, a decrease of 33 from the preceding week. There were 17,456 former Federal civilian employees claiming UI benefits for the week ending June 20, an increase of 434 from the previous week. Newly discharged veterans claiming benefits totaled 28,528, an increase of 164 from the prior week. States reported 2,519,101 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending June 20, an increase of 81,276 from the prior week. EUC weekly claims include both first and second tier activity. The highest insured unemployment rates in the week ending June 20 were in Michigan (6.8 percent), Puerto Rico (6.8), Oregon (6.7), Pennsylvania (6.4), Nevada (6.2), Wisconsin (5.7), California (5.3), Illinois (5.3), North Carolina (5.3), and South Carolina (5.3). The largest increases in initial claims for the week ending June 27 were in New Jersey (+7,876), Massachusetts (+4,730), Kansas (+4,469), Kentucky (+3,614), and New York (+3,019), while the largest decreases were in Florida (-12,493), Illinois (-5,321), Pennsylvania (-3,949), California (-2,919), and Tennessee (-2,743).

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