24 July 2014

• U.S. Initial Unemployment Claims – 19 July 2014


In the week ending July 19, the advance figure for seasonally adjusted initial claims was 284,000, a decrease of 19,000 from the previous week's revised level. This is the lowest level for initial claims since February 18, 2006 when they were 283,000.

The 4-week moving average was 302,000, a decrease of 7,250 from the previous week's revised average. This is the lowest level for this average since May 19, 2007 when it was 302,000. The previous week's average was revised up by 250 from 309,000 to 309,250.

The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending July 12, unchanged from the previous week's unrevised rate.

The highest insured unemployment rates in the week ending July 5 were in Puerto Rico (4.0), New Jersey (3.4), Alaska (3.2), Connecticut (3.2), Pennsylvania (2.9), California (2.8), Nevada (2.7), Rhode Island (2.7), Massachusetts (2.6), Virgin Islands (2.4), Illinois (2.3), and New York (2.3).

The largest increases in initial claims for the week ending July 12 were in New York (+14,427), California (+11,126), Georgia (+6,112), Texas (+5,147), and Indiana (+4,748), while the largest decreases were in Michigan (-6,846), New Jersey (-5,886), Kentucky (-1,673), Ohio (-1,552), and Massachusetts (-1,259).

Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits.

See the complete report at this link: USDOL-BLS


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