• U.S. Initial Unemployment Claims Up 4k

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In the week ending September 29, the advance figure for seasonally adjusted initial claims was 367,000, an increase of 4,000 from the previous week's revised figure of 363,000 but down 8.7% from the same week a year ago. The 4-week moving average was 375,000, unchanged from the previous week's revised average. Click on chart to enlarge The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending September 22, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending September 15 were in Puerto Rico (4.0), Alaska (3.5), California (3.2), Pennsylvania (3.2), New Jersey (3.2), Virgin Islands (3.1), Connecticut (3.0), Nevada (2.8), and Oregon (2.7). The largest increases in initial claims for the week ending September 22 were in Mississippi (+3,314), Ohio (+1,975), Michigan (+1,179), Alabama (+823), and Kentucky (+372), while the largest decreases were in California (-13,527), New York (-3,773), North Carolina (-2,198), Indiana (-2,160), and Virginia (-1,969). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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