The latest report out indicates less people are applying for continued claims, but more people are filing for initial claims, Word of the shift in jobless benefits in trending high on Yahoo. The U.S. unemployment rate is 9.6 percent.
Jobless benefits & claims rose significantly last week according to the latest stats by The U.S. Department of Labor.The number of first-time applicants rose by 12,000 in the week ending Sept. 18. It was the first increase since the week ending Aug. 14. Since then, claims have fallen by an average of 16,750 claims per week. Below is the latest press release issued by the government
According to The U.S. Department of Labor the number of first-time applicants rose by 12,000 in the week ending Sept. 18. It was the first increase since the week ending Aug. 14. Since then, claims have fallen by an average of 16,750 claims per week
In the week ending Sept. 18, the advance figure for seasonally adjusted initial claims was 465,000, an increase of 12,000 from the previous week's revised figure of 453,000. The 4-week moving average was 463,250, a decrease of 3,250 from the previous week's revised average of 466,500.
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Sept. 11, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Sept. 11 was 4,489,000, a decrease of 48,000 from the preceding week's revised level of 4,537,000. The 4-week moving average was 4,519,500, an increase of 2,500 from the preceding week's revised average of 4,517,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 379,369 in the week ending Sept. 18, an increase of 37,705 from the previous week. There were 437,543 initial claims in the comparable week in 2009.
The advance unadjusted insured unemployment rate was 3.1 percent during the week ending Sept. 11, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,891,808, a decrease of 42,132 from the preceding week. A year earlier, the rate was 3.9 percent and the volume was 5,223,904.
Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin during the week ending Sept. 4.
Initial claims for UI benefits by former Federal civilian employees totaled 3,918 in the week ending Sept. 11, a decrease of 1,151 from the prior week. There were 4,011 initial claims by newly discharged veterans, a decrease of 265 from the preceding week.
There were 26,904 former Federal civilian employees claiming UI benefits for the week ending Sept. 4, a decrease of 9,329 from the previous week. Newly discharged veterans claiming benefits totaled 42,633, an increase of 537 from the prior week.
States reported 4,222,314 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Sept. 4, an increase of 113,785 from the prior week. There were 3,213,139 claimants in the comparable week in 2009. EUC weekly claims include first, second, third, and fourth tier activity.
The highest insured unemployment rates in the week ending Sept. 4 were in Puerto Rico (6.2 percent), New Jersey (4.4), Oregon (4.3), Nevada (4.2), Pennsylvania (4.2), Alaska (4.0), California (3.9), Connecticut (3.8), Illinois (3.6), and Wisconsin (3.6).
The largest increases in initial claims for the week ending Sept. 11 were in Florida (+2,755), Wisconsin (+803), Virginia (+542), Iowa (+357), and Kansas (+231), while the largest decreases were in California (-10,754), Texas (-3,818), New York (-3,407), Pennsylvania (-3,175), and Georgia (-2,466).
For more information about jobless rates and unemployment benefits click here.
Comments