Initial U.S. jobless claims decreased by 29,000 last week

RP news wires
Tags: business management, talent management

In the week ending July 10, the advance figure for seasonally adjusted initial unemployment claims was 429,000, a decrease of 29,000 from the previous week's revised figure of 458,000, the U.S. Department of Labor reported on July 15. The four-week moving average was 455,250, a decrease of 11,750 from the previous week's revised average of 467,000.

The advance seasonally adjusted insured unemployment rate was 3.7 percent for the week ending July 3, an increase of 0.2 percentage point from the prior week's revised rate of 3.5 percent.

The advance number for seasonally adjusted insured unemployment during the week ending July 3 was 4,681,000, an increase of 247,000 from the preceding week's revised level of 4,434,000. The four-week moving average was 4,581,250, an increase of 22,000 from the preceding week's revised average of 4,559,250.

The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.056 million. 

Unadjusted data:The advance number of actual initial claims under state programs, unadjusted, totaled 513,347 in the week ending July 10, an increase of 44,855 from the previous week. There were 671,242 initial claims in the comparable week in 2009.

The advance unadjusted insured unemployment rate was 3.4 percent during the week ending July 3, unchanged from the prior week. The advance unadjusted number for persons claiming unemployment insurance benefits in state programs totaled 4,367,712, an increase of 53,180 from the preceding week. A year earlier, the rate was 4.6 percent and the volume was 6,173,940.

Extended benefits were available in Alaska, Connecticut, Kansas, Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Puerto Rico, Rhode Island, Vermont and Washington during the week ending June 26.

Initial claims for unemployment insurance benefits by former Federal civilian employees totaled 2,557 in the week ending July 3, an increase of 197 from the prior week. There were 2,697 initial claims by newly discharged veterans, an increase of 8 from the preceding week.

There were 18,767 former Federal civilian employees claiming unemployment insurance benefits for the week ending June 26, a decrease of 197 from the previous week. Newly discharged veterans claiming benefits totaled 37,633, a decrease of 282 from the prior week.

States reported 3,911,389 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending June 26, a decrease of 236,162 from the prior week. There were 2,596,859 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 June 26 were in Puerto Rico (6.3 percent), Oregon (5.0), Alaska (4.8), Pennsylvania (4.7), Nevada (4.4), California (4.3), Connecticut (4.2), Wisconsin (4.1), Rhode Island (4.0), Mississippi (3.9), New Jersey (3.9) and South Carolina (3.9).

The largest increases in initial claims for the week ending July 3 were in New York (+8,066), New Jersey (+6,167), Michigan (+5,323), Illinois (+3,034) and Ohio (+2,926), while the largest decreases were in Florida (-3,586), Georgia (-2,182), Connecticut (-1,261), Pennsylvania (-1,047) and Iowa (-809).