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Friday, February 24, 2012

SEASONALLY ADJUSTED UNEMPLOYMENT INSURANCE CLAIMS ARE UNCHANGED OVER LAST WEEK


The following excerpt is from the Department of Labor website:

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
          SEASONALLY ADJUSTED DATA

In the week ending February 18, the advance figure for seasonally adjusted initial claims was 351,000, unchanged from the previous week's revised figure of 351,000. The 4-week moving average was 359,000, a decrease of 7,000 from the previous week's revised average of 366,000.
The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending February 11, unchanged from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending February 11, was 3,392,000, a decrease of 52,000 from the preceding week's revised level of 3,444,000. The 4-week moving average was 3,453,250, a decrease of 43,750 from the preceding week's revised average of 3,497,000.

UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 345,216 in the week ending February 18, a decrease of 19,888 from the previous week. There were 380,985 initial claims in the comparable week in 2011.
The advance unadjusted insured unemployment rate was 3.2 percent during the week ending February 11, an increase of 0.1 percentage point from the prior week's unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,996,051, an increase of 11,166 from the preceding week. A year earlier, the rate was 3.7 percent and the volume was 4,587,740.

The total number of people claiming benefits in all programs for the week ending February 4 was 7,502,791, a decrease of 178,619 from the previous week.
Extended benefits were available in Alabama, Alaska, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Washington, West Virginia, and Wisconsin during the week ending February 4.

Initial claims for UI benefits by former Federal civilian employees totaled 1,383 in the week ending February 11, a decrease of 195 from the prior week. There were 2,520 initial claims by newly discharged veterans, a decrease of 373 from the preceding week.
There were 28,804 former Federal civilian employees claiming UI benefits for the week ending February 4, a decrease of 1,506 from the previous week. Newly discharged veterans claiming benefits totaled 42,021, a decrease of 829 from the prior week.
States reported 2,919,330 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending February 4, a decrease of 83,145 from the prior week. There were 3,685,361 claimants in the comparable week in 2011. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending February 4 were in Alaska (6.8), Idaho (4.6), Montana (4.6), Oregon (4.6), Wisconsin (4.6), Pennsylvania ( 4.5), Rhode Island (4.5), New Jersey (4.3), Puerto Rico (4.3), Connecticut (4.1), and Michigan (4.1).”