• U.S. Initial Unemployment Claims Up 34K

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In the week ending July 14, the advance figure for seasonally adjusted initial claims was 386,000, an increase of 34,000 from the previous week's revised figure of 352,000 and down 7.7% from the same week a year ago. The 4-week moving average was 375,500, a decrease of 1,500 from the previous week's revised average of 377,000. The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending July 7, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending June 30 were in Puerto Rico (4.2), Alaska (3.8), Pennsylvania (3.7), Connecticut (3.5), New Jersey (3.5), Rhode Island (3.3), California (3.1), Massachusetts (3.0), Nevada (3.0), and New York (3.0). The largest increases in initial claims for the week ending July 7 were in New York (+22,336), Michigan (+7,602), Ohio (+5,976), Pennsylvania (+4,775), and Wisconsin (+4,615), while the largest decreases were in California (-9,016), New Jersey (-5,282), Connecticut (-917), Massachusetts (-716), and Oklahoma (-671). Click on chart to enlarge: Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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