Seasonally Adjusted Data: In the week ending July 20, the advance number for seasonally adjusted initial claims was 235,000, down 10,000 from the previous week’s revised level. The previous week’s level was revised upward by 2,000 from 243,000 to 245,000. The 4-week moving average was 235,500, an increase of 250 from the previous week’s revised average. Last week, the average was revised with an increase of 500 from 234,750 to 235,250.
The seasonally adjusted insured unemployment rate was 1.2% for the week ending July 13, unchanged from the previous week’s unadjusted rate. The advance figure for seasonally adjusted insured unemployment during the week ending July 13 was 1,851,000, a decrease of 9,000 from the previous week’s revised level. Last week, the level was revised down by 7,000 from 1,867,000 to 1,860,000. The 4-week moving average was 1,853,500, up from 4,750 from the previous week’s revised average. This is the highest level of this average since December 4, 2021 when it was 1,859,750. The previous week’s average was revised down by 1,750 from 1,850,500 to 1,848,750.
Unadjusted data: The advance number of actual initial claims under state programs, unadjusted, was 225,090 in the week ending July, a decrease of 55,502 (or -19.8 percent) from the previous week. Seasonal factors expected a decrease
45,991 (or -16.4 percent) from the previous week. There were 213,497 initial claims in the comparable week of 2023. The unadjusted insured unemployment rate was 1.3 percent during the week ending July 13, unchanged from the previous rate.
The last week. The prior unadjusted level of unemployment insured in state programs was 1,921,631, a decrease of
24,200 (or -1.2 percent) from the previous week. Seasonal factors were forecasting a decline of 14,882 (or -0.8 percent) from the previous week. A year ago,
A similar week in 2023
The total number of continuous weeks claimed for benefits across all programs for the week ending July 6 was 1,970,339,
An increase of 152,145 compared to the previous week. 1,913,359 weekly claims were filed for benefits across all programs in
Similar week in 2023. :No Extended Benefits statuses were activated during the week ending July 6. Initial claims for unemployment insurance benefits filed by former federal civilian employees totaled 473 in the week ending July 13, a record high. An increase of 152 from the previous week. There were 426 initial claims filed by newly discharged veterans, an increase of 66 from the previous week.
There were 4,711 consecutive weeks claimed by former federal civilian employees in the week ending July 6.
An increase of 147 from the previous week. The total number of newly discharged veterans claiming benefits was 4,445, an increase of 71 from the previous week. The highest rates of insured unemployment in the week ending July 6 were in New Jersey (2.8), Rhode Island (2.7), Puerto Rico (2.4), California (2.3), Minnesota (2.2), Massachusetts (1.9), and Pennsylvania ( 1.9), Connecticut (1.8), Washington
(1.8), Illinois (1.7), Nevada (1.7), New York (1.7). The largest increases in initial claims for the week ending July 13 were in Texas (+11,927), California (+6,284), and Georgia.
(+3,101), Missouri (+2,999), and South Carolina (+2,413), while the largest declines were in New Jersey (-1,532). Massachusetts (-1,531
SA Seasonally Adjusted Data, NSA – Non Seasonally Adjusted Data Continuous weeks claimed represent all benefit weeks
They were claimed during the week reported, and do not represent weeks claimed by unique individuals.
1. The previous year is comparable to the latest data.
2. The last week used covered employment of 151,110,325 as the denominator.
3. Information about the EB program can be found here: EB Program Information
How to Calculate Weekly Unemployment Insurance Claims:
Submitting Applications: Unemployment insurance claims are applications submitted by individuals who have lost their jobs and are looking for financial support from the government or the unemployment insurance system.
Key Variables: Unemployment insurance claims include many influencing factors such as seasonal changes in employment, economic policies, and general economic conditions that may affect unemployment levels.
Weekly Reports: Departments of Labor or responsible agencies issue weekly reports that include the number of unemployment insurance claims filed during the previous week. These claims are classified as either new claims or renewal claims.
Using Unemployment Insurance Claims:
Economic indicator: Unemployment insurance claims are one of the main economic indicators that show the health and stability of the labor market.
US Monetary Policies: The level of unemployment insurance claims is used as part of the assessment of the US economy to determine whether US monetary policies are working effectively or not.
Public Policy Guidance: Unemployment insurance claims help determine public policy directions related to employment and other economic policies.
The importance of unemployment insurance claims:
A measure of unemployment: Unemployment insurance claims provide a vivid picture of the size and scope of unemployment in the economy.
Directing government policies: Helps shape and direct government policies to enhance economic stability and enhance employment opportunities.
Market trend analysis: used to predict business market trends and provide analyzes to investors and economic analysts.
Weekly unemployment insurance claims are considered a vital indicator for estimating the extent of unemployment and the stability of the labor market, and they play an important role in determining economic policy directions and providing important economic analyses.
How to track and analyze unemployment insurance claims:
Claims division: New claims: includes claims submitted for the first time during the current week.
