WASHINGTON, DC (March 31, 2022)– In the week ending March 26, the advance figure for seasonally adjusted initial claims was 202,000, an increase of 14,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 187,000 to 188,000. The 4-week moving average was 208,500, a decrease of 3,500 from the previous week’s revised average.
The previous week’s average was revised up by 250 from 211,750 to 212,000. The advance seasonally adjusted insured unemployment rate was 0.9 percent for the week ending March 19, a decrease
of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 19 was 1,307,000, a decrease of 35,000 from the previous week’s revised level.
This is the lowest level for insured unemployment since December 27, 1969 when it was 1,304,000. The previous week’s level was revised down by 8,000 from 1,350,000 to 1,342,000. The 4-week moving average was 1,389,000, a decrease of 40,500 from the previous week’s revised average. This is the lowest level for this average since February 7, 1970 when it was 1,385,250. The previous week’s average was revised down by 2,000 from 1,431,500 to 1,429,500.
Initial jobless claims, week ended March 26: 202,000 vs. 196,000 expected and a revised 188,000 during prior week
Continuing claims, week ended March 19: 1.307 million vs. 1.340 million expected and a revised 1.342 million during prior week
The advance number of actual initial claims under state programs, unadjusted, totaled 195,460 in the week ending March 26, an increase of 13,121 (or 7.2 percent) from the previous week. The seasonal factors had expected a decrease of 777 (or -0.4 percent) from the previous week. There were 723,653 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.2 percent during the week ending March 19, unchanged from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,675,898, a decrease of 46,306 (or -2.7 percent) from the preceding week. The seasonal factors had expected a decrease of 11,326 (or -0.7 percent) from the previous week. A year earlier the rate was 2.9 percent and the volume was 4,102,303.
There were 9,729 continued weeks claimed filed by former Federal civilian employees the week ending March 12, an increase of 105 from the previous week. Newly discharged veterans claiming benefits totaled 4,630, an increase of 372 from the prior week.
The highest insured unemployment rates in the week ending March 12 were in California (2.5), Alaska (2.3), New Jersey (2.3), Rhode Island (2.2), Massachusetts (2.1), Minnesota (2.1), New York (2.0), Illinois (1.9), Connecticut (1.7), Montana (1.7), and Pennsylvania (1.7).
The largest increases in initial claims for the week ending March 19 were in Florida (+956), Pennsylvania (+476), Oklahoma (+400), Tennessee (+328), and Connecticut (+161), while the largest decreases were in California (-5,831), Michigan (-4,876), Kentucky (-2,579), Kansas (-2,070), and Illinois (-2,053).
Source: US Department of Labor wrote the original article.