Initial Jobless Claims Fell 10K to 311K Last Week, Besting Expectations
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(Updated - March 27, 2014 8:43 AM EDT)
Initial Jobless Claims 311k vs 323k Expected
UDPATE - The Labor Dept. press release is below:
SEASONALLY ADJUSTED DATA
In the week ending March 22, the advance figure for seasonally adjusted initial claims was 311,000, a decrease of 10,000 from the previous week's revised figure of 321,000. The 4-week moving average was 317,750, a decrease of 9,500 from the previous week's revised average of 327,250.
The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending March 15, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 15 was 2,823,000, a decrease of 53,000 from the preceding week's revised level of 2,876,000. The 4-week moving average was 2,862,500, a decrease of 31,500 from the preceding week's revised average of 2,894,000.
UNADJUSTED DATA/
The advance number of actual initial claims under state programs, unadjusted, totaled 273,411 in the week ending March 22, a decrease of 12,559 from the previous week. There were 315,620 initial claims in the comparable week in 2013.
The advance unadjusted insured unemployment rate was 2.4 percent during the week ending March 15, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,144,812, a decrease of 88,295 from the preceding week. A year earlier, the rate was 2.6 percent and the volume was 3,402,007.
The total number of people claiming benefits in all programs for the week ending March 8 was 3,306,871, a decrease of 43,157 from the previous week. There were 5,455,779 persons claiming benefits in all programs in the comparable week in 2013.
No state was triggered "on" the Extended Benefits program during the week ending March 8.
Initial claims for UI benefits filed by former Federal civilian employees totaled 1,010 in the week ending March 15, a decrease of 47 from the prior week. There were 1,827 initial claims filed by newly discharged veterans, a decrease of 147 from the preceding week.
There were 19,359 former Federal civilian employees claiming UI benefits for the week ending March 8, an increase of 244 from the previous week. Newly discharged veterans claiming benefits totaled 28,354, an increase of 476 from the prior week.
The highest insured unemployment rates in the week ending March 8 were in Alaska (5.5), New Jersey (4.1), Rhode Island (3.9), Connecticut (3.8), Pennsylvania (3.7), California (3.6), Illinois (3.6), Montana (3.4), Massachusetts (3.3), and Wisconsin (3.3).
The largest increases in initial claims for the week ending March 15 were in California (+3,189), Nebraska (+1,044), Virginia (+513), Missouri (+492), and Tennessee (+474), while the largest decreases were in Pennsylvania (-3,166), Illinois (-2,320), New York (-2,155), Texas (-1,373), and Wisconsin (-1,055).
Initial Jobless Claims 311k vs 323k Expected
UDPATE - The Labor Dept. press release is below:
SEASONALLY ADJUSTED DATA
In the week ending March 22, the advance figure for seasonally adjusted initial claims was 311,000, a decrease of 10,000 from the previous week's revised figure of 321,000. The 4-week moving average was 317,750, a decrease of 9,500 from the previous week's revised average of 327,250.
The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending March 15, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 15 was 2,823,000, a decrease of 53,000 from the preceding week's revised level of 2,876,000. The 4-week moving average was 2,862,500, a decrease of 31,500 from the preceding week's revised average of 2,894,000.
UNADJUSTED DATA/
The advance number of actual initial claims under state programs, unadjusted, totaled 273,411 in the week ending March 22, a decrease of 12,559 from the previous week. There were 315,620 initial claims in the comparable week in 2013.
The advance unadjusted insured unemployment rate was 2.4 percent during the week ending March 15, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,144,812, a decrease of 88,295 from the preceding week. A year earlier, the rate was 2.6 percent and the volume was 3,402,007.
The total number of people claiming benefits in all programs for the week ending March 8 was 3,306,871, a decrease of 43,157 from the previous week. There were 5,455,779 persons claiming benefits in all programs in the comparable week in 2013.
No state was triggered "on" the Extended Benefits program during the week ending March 8.
Initial claims for UI benefits filed by former Federal civilian employees totaled 1,010 in the week ending March 15, a decrease of 47 from the prior week. There were 1,827 initial claims filed by newly discharged veterans, a decrease of 147 from the preceding week.
There were 19,359 former Federal civilian employees claiming UI benefits for the week ending March 8, an increase of 244 from the previous week. Newly discharged veterans claiming benefits totaled 28,354, an increase of 476 from the prior week.
The highest insured unemployment rates in the week ending March 8 were in Alaska (5.5), New Jersey (4.1), Rhode Island (3.9), Connecticut (3.8), Pennsylvania (3.7), California (3.6), Illinois (3.6), Montana (3.4), Massachusetts (3.3), and Wisconsin (3.3).
The largest increases in initial claims for the week ending March 15 were in California (+3,189), Nebraska (+1,044), Virginia (+513), Missouri (+492), and Tennessee (+474), while the largest decreases were in Pennsylvania (-3,166), Illinois (-2,320), New York (-2,155), Texas (-1,373), and Wisconsin (-1,055).
STATES WITH A DECREASE OF MORE THAN 1,000
State | Change | State Supplied Comment | |
| PA | -3,166 | | Fewer layoffs in the construction, and administrative and support services industries. |
IL | -2,320 | | Fewer layoffs in the construction, and administrative and support services, and trade industries. |
| NY | -2,155 | | Fewer layoffs in the transportation and warehousing, construction, and retail trade industries. |
| TX | -1,373 | | No comment. |
WI | -1,055 | | No comment. |
| WA | -1,026 | | No comment. |
| NJ | -1,008 | | Fewer layoffs in the construction, manufacturing, and trade industries. |
STATES WITH AN INCREASE OF MORE THAN 1,000
| State | Change | State Supplied Comment | |
| CA | -3,189 | | Layoffs in the service and retail trade industries. |
NE | -1,044 | | No comment. |
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