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U.S.Economy: 
Weekly Jobless Claims increase 8,000
Author: 123jump.com Staff
123jump.com
Last Update: 9:11 AM ET February 04 2010



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Seasonally adjusted weekly jobless claims increased 8,000 to 480,000 from the revised previous week claims of 472,000. The preliminary insured unemployment rate in the week ending January 23 fell 3.5% unchanged from the prior week''s unrevised rate of 3.5%.

 
The following is an unedited transcript of the press release available on the Web site of Department of Labor at:

http://www.dol.gov/opa/media/press/eta/ui/current.htm

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Jan. 30, the advance figure for seasonally adjusted initial claims was 480,000, an increase of 8,000 from the previous week''s revised figure of 472,000. The 4-week moving average was 468,750, an increase of 11,750 from the previous week''s revised average of 457,000.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Jan. 23, unchanged from the prior week''s unrevised rate of 3.5 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Jan. 23 was 4,602,000, an increase of 2,000 from the preceding week''s revised level of 4,600,000. The 4-week moving average was 4,617,500, a decrease of 51,250 from the preceding week''s revised average of 4,668,750.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.362 million.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 530,405 in the week ending Jan. 30, an increase of 28,234 from the previous week. There were 682,176 initial claims in the comparable week in 2009.

The advance unadjusted insured unemployment rate was 4.4 percent during the week ending Jan. 23, an increase of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,665,141, an increase of 62,784 from the preceding week. A year earlier, the rate was 4.3 percent and the volume was 5,806,901.

Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin during the week ending Jan. 16.

Initial claims for UI benefits by former Federal civilian employees totaled 1,451 in the week ending Jan. 23, a decrease of 499 from the prior week. There were 1,858 initial claims by newly discharged veterans, a decrease of 554 from the preceding week.

There were 26,167 former Federal civilian employees claiming UI benefits for the week ending Jan. 16, a decrease of 59 from the previous week. Newly discharged veterans claiming benefits totaled 35,777, a decrease of 2,059 from the prior week.

States reported 5,632,219 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Jan. 16, an increase of 281,442 from the prior week. There were 1,839,758 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 Jan. 16 were in Alaska (7.3 percent), Oregon (6.6), Pennsylvania (6.5), Idaho (6.4), Wisconsin (6.3), Montana (6.2), Michigan (6.0), Nevada (5.7), Connecticut (5.3), North Carolina (5.3), and Washington (5.3).

The largest increases in initial claims for the week ending Jan. 23 were in Oregon (+4,336), Puerto Rico (+2,439), and Hawaii (+18), while the largest decreases were in California (-22,674), Michigan (-11,757), North Carolina (-9,546), Georgia (-7,588), and Missouri (-7,577).
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