• U.S. Initial Unemployment Claims Down 26k

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In the week ending September 22, the advance figure for seasonally adjusted initial claims was 359,000, a decrease of 26,000 from the previous week's revised figure of 385,000 and down 8.7% from the same week a year ago. The 4-week moving average was 374,000, a decrease of 4,500 from the previous week's revised average of 378,500. The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending September 15, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 15 was 3,271,000, a decrease of 4,000 from the preceding week's revised level of 3,275,000. The highest insured unemployment rates in the week ending September 8 were in Puerto Rico (3.9), Alaska (3.6), New Jersey (3.5), Pennsylvania (3.4), California (3.1), Connecticut (3.1), Nevada (2.9), New York (2.8), Oregon (2.8), and Arkansas (2.7). The largest increases in initial claims for the week ending September 15 were in California (+18,522), Michigan (+3,522), Florida (+2,018), New York (+1,969), and Indiana (+1,739), while the largest decreases were in Louisiana (-4,150), Puerto Rico (-854), Missouri (-811), Kentucky (-710), and Mississippi (-518). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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