Unemployment Claims Rise

By Staff Writer January 03, 2023 276

In the week ending Dec. 24, the advance figure for seasonally adjusted unemployment initial claims was 225,000, an increase of 9,000 from the previous week's unrevised level of 216,000, according to the Labor Department.

The 4-week moving average was 221,000, a decrease of 250 from the previous week's revised average. The previous week's average was revised down by 500 from 221,750 to 221,250.

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending Dec. 17, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending Dec. 17 was 1,710,000, an increase of 41,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 1,672,000 to 1,669,000. The 4-week moving average was 1,679,500, an increase of 25,250 from the previous week's revised average. The previous week's average was revised down by 3,000 from 1,657,250 to 1,654,250.

The largest increases in initial claims for the week ending Dec. 17 were in Massachusetts (+1,505), New Jersey (+1,258), Missouri (+1,040), Rhode Island (+522), and Pennsylvania (+460), while the largest decreases were in California (-2,268), Ohio (-1,806), Texas (-941), Georgia (-760), and Washington (-704).

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Last modified on Sunday, 08 January 2023 21:01