06 November 2014

• U.S. Initial Unemployment Claims – 01 November 2014


In the week ending November 1, the advance figure for seasonally adjusted initial claims was 278,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 287,000 to 288,000.

The 4-week moving average was 279,000, a decrease of 2,250 from the previous week's revised average. This is the lowest level for this average since April 29, 2000 when it was 273,000. The previous week's average was revised up by 250 from 281,000 to 281,250.

The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending October 25, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending October 25 was 2,348,000, a decrease of 39,000 from the previous week's revised level.

The highest insured unemployment rates in the week ending October 18 were in the Virgin Islands (3.5), Puerto Rico (3.4), Alaska (3.3), New Jersey (2.7), California (2.5), Connecticut (2.3), Nevada (2.3), Pennsylvania (2.2), Massachusetts (2.0), Illinois (1.9), Maryland (1.9), and Oregon (1.9).

The largest increases in initial claims for the week ending October 25 were in Ohio (+3,389), California (+2,939), New York (+2,663), Oregon (+1,674), and Washington (+1,124), while the largest decreases were in Michigan (-3,849), Texas (-558), Indiana (-447), Tennessee (-281), and Kentucky (-279).

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

See the complete report at this link: USDOL-BLS

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.


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