Thursday, February 6, 2014

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT FOR FEBRUARY 1, 2014

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
          SEASONALLY ADJUSTED DATA

In the week ending February 1, the advance figure for seasonally adjusted initial claims was 331,000, a decrease of 20,000 from the previous week's revised figure of 351,000. The 4-week moving average was 334,000, an increase of 250 from the previous week's revised average of 333,750.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending January 25, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 25 was 2,964,000, an increase of 15,000 from the preceding week's revised level of 2,949,000. The 4-week moving average was 2,985,500, an increase of 25,750 from the preceding week's revised average of 2,959,750.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 355,224 in the week ending February 1, a decrease of 2,432 from the previous week. There were 388,442 initial claims in the comparable week in 2013.

The advance unadjusted insured unemployment rate was 2.6 percent during the week ending January 25, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,441,429, an increase of 44,278 from the preceding week. A year earlier, the rate was 2.9 percent and the volume was 3,743,414.

The total number of people claiming benefits in all programs for the week ending January 18 was 3,467,640, a decrease of 115,861 from the previous week. There were 5,590,480 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 January 18.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,280 in the week ending January 25, a decrease of 638 from the prior week. There were 1,874 initial claims filed by newly discharged veterans, a decrease of 372 from the preceding week.

There were 21,600 former Federal civilian employees claiming UI benefits for the week ending January 18, a decrease of 2,189 from the previous week. Newly discharged veterans claiming benefits totaled 30,596, a decrease of 2,090 from the prior week.

The Emergency Unemployment Compensation (EUC) program expired on January 1, 2014, and under current law no EUC payments will be made for weeks of unemployment after this date.

The highest insured unemployment rates in the week ending January 18 were in Alaska (5.9), Pennsylvania (4.1), Delaware (4.0), New Jersey (3.9), Illinois (3.7), Montana (3.7), Michigan (3.6), Puerto Rico (3.6), Rhode Island (3.6), and Wisconsin (3.6).

The largest increases in initial claims for the week ending January 25 were in Indiana (+5,407), Massachusetts (+1,050), and Nebraska (+12), while the largest decreases were in New York (-7,083), Texas (-4,152), Michigan (-3,929), Florida (-3,879), and New Jersey (-3,605).


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