In the week ending August 8, the advance figure for seasonally adjusted initial claims was 274,000, an increase of 5,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 270,000 to 269,000.
The 4-week moving average was 266,250, a decrease of 1,750 from the previous week's revised average. This is the lowest level for this average since April 15, 2000 when it was 266,250. The previous week's average was revised down by 250 from 268,250 to 268,000.
The advance seasonally adjusted insured unemployment rate was 1.7 percent for the week ending August 1, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 1 was 2,273,000, an increase of 15,000 from the previous week's revised level.
The highest insured unemployment rates in the week ending July 25 were in Puerto Rico (4.1), New Jersey (3.0), Connecticut (2.7), Pennsylvania (2.5), California (2.3), Rhode Island (2.3), West Virginia (2.3), Alaska (2.2), Nevada (2.2), and the Virgin Islands (2.2).
The largest increases in initial claims for the week ending August 1 were in Virginia (+1,094), Iowa (+538), Florida (+340), Wisconsin (+257), and Indiana (+252), while the largest decreases were in California (-3,157), Tennessee (- 1,451), New York (-1,247), Illinois (-1,099), and Georgia (-440).
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.
© 2015 Connecticut Human Resource Reports, LLC
URL: http://connecticuthumanresources.blogspot.com/
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