Insured unemployment during the week ended May 15 was 3.6 million, down by 96,000
Unemployment claims in America went down by 38,000 to 406,000 for the week ended May 22, according to the US Department of Labor (DOL).
For the previous week, the number was 444,000. In comparison to the previous week’s average, the four-week moving average was 458,750, down 46,000.
Based on the unadjusted advance estimate, there were 420,472 actual initial claims under state programmes in the week ended May 22, representing a decrease of 34,131 (or -7.5 per cent) from the previous week. The seasonal factors anticipated an increase of 3,932 (or 0.9 per cent) from the previous week.
The DOL reports that, “the insured unemployment during the week ended May 15 was 3.6 million, a decrease of 96,000 from the previous week’s revised level. The previous week’s level was down by 13,000 moving from 3,751,000 to 3,738,000.”
Furthermore, for the week ended May 22, 53 states observed 93,546 initial claims for Pandemic Unemployment Assistance.
Unadjusted insured unemployment rate is down 0.1% to 2.5%
During the week ended May 15, the advance unadjusted insured unemployment rate stood at 2.5 per cent a decrease of 0.1 percentage point compared to the previous week. The advance unadjusted level of insured unemployment in state programs totaled 3,521,314, a decrease of 149,996 (or -4.1 per cent) from a week earlier.
The seasonal factors had anticipated a much slower decline of 53,483 (or -1.5 per cent) from the previous week. A total of 15,802,126 persons claimed benefits in all programs for the week ended May 8, a decline of 175,255 compared to the prior week.
Extended benefits, during the week ended May 8, were accessible in the following 14 states: Alaska, California, Colorado, Connecticut, District of Columbia, Illinois, Massachusetts, Nevada, New Jersey, New Mexico, New York, Pennsylvania, Rhode Island, and Texas.
Federal civilian employees claiming benefits
For the week ended May 15, 834 former Federal civilian employees claimed for unemployed insurance benefits, a decrease of 97 relative to the previous week, whereas 606 newly discharged veterans (-3) claimed for benefits.
However, for the week ended May 8, 13,453 former Federal civilian employees claimed for unemployed insurance benefits, a fall of 332 relative to the previous week, whereas 7,300 newly discharged veterans (-21) claimed for benefits.
DOL noted that, “during the week ended May 8, 51 states reported 6,515,657 continued weekly claims for Pandemic Unemployment Assistance benefits and 51 states reported 5,191,642 continued claims for Pandemic Emergency Unemployment Compensation benefits”.
In the week ended May 8, Nevada observed the highest insured unemployment rate of 5.7 per cent followed by Connecticut (4.5), Rhode Island (4.5), Alaska (4.3), Puerto Rico (4.3), California (3.9), New York (3.9), Pennsylvania (3.9), Illinois (3.7), and Vermont (3.6).
New Jersey (+4,812), Washington (+3,023), Minnesota (+1,806), West Virginia (+907), and Rhode Island (+792) had the highest increases in initial claims for the week ended May 15, while Georgia (-7,392), Kentucky (-7,123), Texas (-3,881), Michigan (-3,560), and Florida (-2,994) had the largest decreases
Comments