Report on Unemployment Insurance Weekly Claims, Week Ending April 29
The U.S. Department of Labor has released its weekly report on unemployment insurance claims for the week ending April 29. The report contains both seasonally adjusted and unadjusted data, as well as information on continued weeks claimed for benefits and initial claims for UI benefits filed by former Federal civilian employees and newly discharged veterans.
According to the report, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 13,000 from the previous week’s revised level. The 4-week moving average was 239,250, an increase of 3,500 from the previous week’s revised average. Meanwhile, the advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending April 22, a decrease of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 22 was 1,805,000, a decrease of 38,000 from the previous week’s revised level.
In terms of unadjusted data, the advance number of actual initial claims under state programs, unadjusted, totaled 219,619 in the week ending April 29, a decrease of 5,518 (or -2.5 percent) from the previous week. The advance unadjusted insured unemployment rate was 1.2 percent during the week ending April 22, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,692,746, a decrease of 60,011 (or -3.4 percent) from the preceding week.
The report also notes that the total number of continued weeks claimed for benefits in all programs for the week ending April 15 was 1,779,249, a decrease of 36,249 from the previous week. Additionally, the report shows that no state was triggered “on” the Extended Benefits program during the week ending April 15.
Finally, the report provides information on initial claims for UI benefits filed by former Federal civilian employees and newly discharged veterans. In the week ending April 22, 371 former Federal civilian employees filed initial claims for UI benefits, a decrease of 8 from the prior week, while 314 newly discharged veterans filed initial claims, a decrease of 20 from the preceding week. The largest increases in initial claims for the week ending April 22 were in Massachusetts, Illinois, New York, Michigan, and Colorado, while the largest decreases were in California, Ohio, New Jersey, Connecticut, and Rhode Island.
The report also highlights the states with the highest insured unemployment rates in the week ending April 15, which were California, New Jersey, Rhode Island, Massachusetts, Minnesota, New York, Alaska, Illinois, Oregon, Puerto Rico, and Washington.
News Source : The U.S. Department of Labor