All articles tagged with #initial claims
Initial unemployment claims rose to 197,000 for the week ending July 25, up 9,000 from the prior week, with the four-week moving average at 202,750. The insured unemployment rate held at 1.2% for the week ending July 18, and seasonally unadjusted claims totaled 175,573, down 17,803 from the previous week, reflecting seasonal factors noted by the Labor Department.
Initial unemployment claims for the week ended April 18 rose to 214,000, up 6,000 from the revised prior week of 208,000; the four-week moving average climbed to 210,750. The insured unemployment rate remained at 1.2% for the week ended April 11, indicating the labor market remains stable despite economic uncertainty.
Initial unemployment claims for the week ending April 11 fell to 207,000 (down 11,000 from the prior week), with the four-week moving average rising to 209,750 and prior-week figures revised downward. The insured unemployment rate remained at 1.2% for the week ending April 4.
The Labor Department reports that for the week ending Feb 28, seasonally adjusted initial unemployment insurance claims were 213,000, unchanged from the prior week after a small revision; the 4-week moving average declined to 215,750. The insured unemployment rate was 1.2% for the week ending Feb 21, also unchanged.
Initial unemployment claims have risen by around 12% over the last year, with some states seeing much larger gains in the number of workers claiming benefits while others have seen the figure decrease. Massachusetts, Illinois, New York, Michigan, and Colorado saw the largest boosts in claims, while California, Ohio, New Jersey, Connecticut, and Rhode Island saw the largest decreases. Total claims have increased 21% compared to mid-April 2022, with the highest unemployment insurance rates seen in California, New Jersey, Rhode Island, Massachusetts, Minnesota, New York, Alaska, Illinois, Oregon, Puerto Rico, and Washington.