How Gold Is Mined: Initial Jobless Claims Fall To 334,000

Initial Jobless Claims June 13 - Business InsiderFeaturedTrendingRecent

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Initial jobless claims hit 334,000 last week.

Consensus was 350,000, according to Econoday.

Prior was 346,000.

Here's the full release:

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending June 8, the advance figure for seasonally adjusted initial claims was 334,000, a decrease of 12,000 from the previous week's unrevised figure of 346,000. The 4-week moving average was 345,250, a decrease of 7,250 from the previous week's unrevised average of 352,500.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending June 1, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 1 was 2,973,000, an increase of 2,000 from the preceding week's revised level of 2,971,000. The 4-week moving average was 2,967,250, a decrease of 12,750 from the preceding week's revised average of 2,980,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 330,933 in the week ending June 8, an increase of 37,141 from the previous week. There were 376,610 initial claims in the comparable week in 2012.

The advance unadjusted insured unemployment rate was 2.1 percent during the week ending June 1, unchanged from the prior week's unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,761,542, an increase of 19,609 from the preceding week's revised level of 2,741,933. A year earlier, the rate was 2.4 percent and the volume was 3,091,216.

The total number of people claiming benefits in all programs for the week ending May 25 was 4,515,445, a decrease of 129,863 from the previous week. There were 5,827,210 persons claiming benefits in all programs in the comparable week in 2012.

Extended Benefits were not available in any state during the week ending May 25.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,230 in the week ending June 1, a decrease of 134 from the prior week. There were 1,875 initial claims filed by newly discharged veterans, a decrease of 82 from the preceding week.

There were 16,394 former Federal civilian employees claiming UI benefits for the week ending May 25, a decrease of 1,451 from the previous week. Newly discharged veterans claiming benefits totaled 34,477, a decrease of 1,448 from the prior week.

States reported 1,703,458 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending May 25, a decrease of 57,135 from the prior week. There were 2,551,539 persons claiming EUC in the comparable week in 2012. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending May 25 were in Puerto Rico (4.6), Alaska (4.5), New Mexico (3.2), New Jersey (3.1), Connecticut (3.0), California (2.9), Pennsylvania (2.9), Nevada (2.8), Oregon (2.7), and Illinois (2.6).

The largest increases in initial claims for the week ending June 1 were in Tennessee (+1,280), New York (+1,001), Oregon (+851), Montana (+501), and North Carolina (+302), while the largest decreases were in California (-8,796), Florida (-3,250), Pennsylvania (-1,923), Texas (-1,876), and Missouri (-1,704).

UNEMPLOYMENT INSURANCE DATA FOR REGULAR STATE PROGRAMS

WEEK ENDING

Advance June 8

June 1

Change

May 25

Prior Year1

Initial Claims (SA)

334,000

346,000

-12,000

357,000

382,000

Initial Claims (NSA)

330,933

293,792

+37,141

320,199

376,610

4-Wk Moving Average (SA)

345,250

352,500

-7,250

348,000

378,250

WEEK ENDING

Advance June 1

May 25

Change

May 18

Prior Year1

Ins. Unemployment (SA)

2,973,000

2,971,000

+2,000

3,002,000

3,310,000

Ins. Unemployment (NSA)

2,761,542

2,741,933

+19,609

2,806,857

3,091,216

4-Wk Moving Average (SA)

2,967,250

2,980,000

-12,750

2,990,500

3,303,500

Ins. Unemployment Rate (SA)2

2.3%

0.0

2.3%

2.6%

Ins. Unemployment Rate (NSA)2

2.1%

0.0

2.2%

2.4%

INITIAL CLAIMS FILED IN FEDERAL PROGRAMS (UNADJUSTED)

WEEK ENDING

June 1

May 25

Change

Prior Year1

Federal Employees

1,230

1,364

-134

1,350

Newly Discharged Veterans

1,875

1,957

-82

2,207

PERSONS CLAIMING UI BENEFITS IN ALL PROGRAMS (UNADJUSTED)

WEEK ENDING

May 25

May 18

Change

Prior Year1

Regular State

2,737,178

2,799,890

-62,712

3,056,358

Federal Employees (UCFE)

16,394

17,845

-1,451

15,757

Newly Discharged Veterans (UCX)

34,477

35,925

-1,448

38,186

EUC 20083

1,703,458

1,760,593

-57,135

2,551,539

Extended Benefits4

384

385

-1

135,502

State Additional Benefits 5

4,713

5,457

-744

5,416

STC / Workshare 6

18,841

25,213

-6,372

24,452

TOTAL

4,515,445

4,645,308

-129,863

5,827,210

FOOTNOTES
SA - Seasonally Adjusted Data, NSA - Not Seasonally Adjusted Data
1 - Prior year is comparable to most recent data.
2 - Most recent week used covered employment of 129,204,324 as denominator.
3 - EUC weekly claims include first, second, third, and fourth tier activity. Tier-specific EUC data can be found here: http://ows.doleta.gov/unemploy/docs/persons.xls
4 - Information on the EB program can be found here: http://www.ows.doleta.gov/unemploy/extenben.asp
5 - Some states maintain additional benefit programs for those claimants who exhaust regular, extended and emergency benefits. Information on states that participate,
and the extent of benefits paid, can be found starting on page 4-5 of this link: http://ows.doleta.gov/unemploy/pdf/uilawcompar/2010/special.pdf
6 - Information on STC/Worksharing can be found starting on page 4-9 of the following link: http://ows.doleta.gov/unemploy/pdf/uilawcompar/2010/special.pdf

UNADJUSTED INITIAL CLAIMS FOR WEEK ENDED 06/1/2013

STATES WITH A DECREASE OF MORE THAN 1,000

State

Change

State Supplied Comment

-8,796

Fewer layoffs in the service and manufacturing industries.

-3,250

Fewer layoffs in the agriculture, construction, manufacturing, trade, retail, and service industries.

-1,923

Fewer layoffs in the entertainment, lodging and food service, professional, scientific and technology service, transportation equipment, and food and beverage manufacturing industries.

-1,876

No comment.

-1,704

Fewer layoffs in the manufacturing, healthcare, and food and accommodation service industries.

-1,658

No comment.

-1,370

Fewer layoffs in the trade, food and accommodation service, transportation and warehousing, and technical service industries.

-1,295

Fewer layoffs in the construction, and food and accommodation industries.

-1,032

No comment.

STATES WITH AN INCREASE OF MORE THAN 1,000

State

Change

State Supplied Comment

+1,280

Layoffs in the administrative and support service, transportation, educational services, food service, and textile industries.

+1,001

No comment.

State Detail Prior Week
UI Claims Series 1967 to current

This information will be made available to sensory impaired individuals upon request. Voice phone: 202-693-4676. TDD Message Phone: 1-800-326-2577. News releases from the U.S. Department of Labor are accessible on the Internet at: http://www.dol.gov/and http://www.oui.doleta.gov/

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Loading Initial Jobless Claims Fall To 334,000 Initial Jobless Claims Fall To 334,000

Consensus was 350,000.

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