Unemployment Rises Slightly

By Staff Writer July 23, 2020 216

 

In the week ending July 18, the advance figure for seasonally adjusted initial claims was 1,416,000, an increase of 109,000 from the previous week’s revised level. The previous week’s level was revised up by 7,000 from 1,300,000 to 1,307,000. The 4-week moving average was 1,360,250, a decrease of 16,500 from the previous week’s revised average. The previous week’s average was revised up by 1,750 from 1,375,000 to 1,376,750. The advance seasonally adjusted insured unemployment rate was 11.1 percent for the week ending July 11, a decrease of 0.7 percentage point from the previous week’s revised rate. The previous week’s rate was revised down by 0.1 from 11.9 to 11.8 percent. The advance number for seasonally adjusted insured unemployment during the week ending July 11 was 16,197,000, a decrease of 1,107,000 from the previous week’s revised level. The previous week’s level was revised down by 34,000 from 17,338,000 to 17,304,000. The 4-week moving average was 17,505,250, a decrease of 758,500 from the previous week’s revised average. The previous week’s average was revised down by 8,500 from 18,272,250 to 18,263,750.

The advance number of actual initial claims under state programs, unadjusted, totaled 1,370,947 in the week ending July 18, a decrease of 141,816 (or -9.4 percent) from the previous week. The seasonal factors had expected a decrease of 247,115 (or -16.3 percent) from the previous week. There were 196,382 initial claims in the comparable week in 2019. In addition, for the week ending July 18, 49 states reported 974,999 initial claims for Pandemic Unemployment Assistance. The advance unadjusted insured unemployment rate was 11.2 percent during the week ending July 11, a decrease of 0.7 percentage point from the prior week.

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Last modified on Thursday, 23 July 2020 23:41

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