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Thursday, May 31, 2012

WEEKLY INITIAL UNEMPLOYMENT CLAIMS FOR WEEK ENDING MAY 19, 2012


UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
   SEASONALLY ADJUSTED DATA
In the week ending May 26, the advance figure for seasonally adjusted initial claims was 383,000, an increase of 10,000 from the previous week's revised figure of 373,000. The 4-week moving average was 374,500, an increase of 3,750 from the previous week's revised average of 370,750.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending May 19, unchanged from the prior week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending May 19 was 3,242,000, a decrease of 36,000 from the preceding week's revised level of 3,278,000. The 4-week moving average was 3,263,750, a decrease of 12,000 from the preceding week's revised average of 3,275,750.

UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 341,167 in the week ending May 26, an increase of 10,736 from the previous week. There were 381,497 initial claims in the comparable week in 2011.

The advance unadjusted insured unemployment rate was 2.4 percent during the week ending May 19, a decrease of 0.1 percentage point from the prior week's revised rate of 2.5 pecent. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,043,782, a decrease of 80,602 from the preceding week. A year earlier, the rate was 2.8 percent and the volume was 3,510,507.
The total number of people claiming benefits in all programs for the week ending May 12 was 6,137,862, a decrease of 30,753 from the previous week.

Extended benefits were available in Alaska, California, Colorado, Connecticut, the District of Columbia, Florida, Idaho, Illinois, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Texas, and West Virginia during the week ending May 12.
Initial claims for UI benefits by former Federal civilian employees totaled 1,199 in the week ending May 19, a decrease of 5 from the prior week. There were 2,532 initial claims by newly discharged veterans, an increase of 11 from the preceding week.

There were 16,052 former Federal civilian employees claiming UI benefits for the week ending May 12, a decrease of 1,471 from the previous week. Newly discharged veterans claiming benefits totaled 39,153, an increase of 521 from the prior week.
States reported 2,618,366 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending May 12, a decrease of 12,141 from the prior week. There were 3,416,540 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 May 12 were in Alaska (4.9), Puerto Rico (4.0), California (3.6), Pennsylvania (3.6), New Jersey (3.3), Oregon (3.3), Connecticut (3.2), Illinois (3.0), Nevada (3.0), and Rhode Island (3.0).

The largest increases in initial claims for the week ending May 19 were in California (+2,716), Texas (+1,648), South Carolina (+1,029), Florida (+913), and Maryland (+626), while the largest decreases were in Wisconsin (-1,240), Michigan (-716), Georgia (-691), Pennsylvania (-594), and Washington
(-447).