Initial U.S. jobless claims decreased by 24,000 last week

RP news wires

In the week ending November 6, the advance figure for seasonally adjusted initial unemployment claims was 435,000, a decrease of 24,000 from the previous week's revised figure of 459,000, the U.S. Department of Labor reported on November 10. The four-week moving average was 446,500, a decrease of 10,000 from the previous week's revised average of 456,500.

The advance seasonally adjusted insured unemployment rate was 3.4 percent for the week ending October 30, a decrease of 0.1 percentage point from the prior week's revised rate of 3.5 percent.

The advance number for seasonally adjusted insured unemployment during the week ending October 30 was 4,301,000, a decrease of 86,000 from the preceding week's revised level of 4,387,000. The four-week moving average was 4,388,250, a decrease of 35,750 from the preceding week's revised average of 4,424,000.

Unadjusted data: The advance number of actual initial claims under state programs, unadjusted, totaled 449,905 in the week ending November 6, an increase of 28,808 from the previous week. There were 531,743 initial claims in the comparable week in 2009.

The advance unadjusted insured unemployment rate was 3.0 percent during the week ending October 30, unchanged from the prior week. The advance unadjusted number for persons claiming unemployment insurance benefits in state programs totaled 3,745,901, a decrease of 13,638 from the preceding week. A year earlier, the rate was 3.8 percent and the volume was 4,961,610.

The total number of people claiming benefits in all programs for the week ending October 23 was 8,624,679.

Initial claims for unemployment insurance benefits by former federal civilian employees totaled 3,769 in the week ending October 30, a decrease of 35 from the prior week. There were 2,505 initial claims by newly discharged veterans, a decrease of 88 from the preceding week.

There were 43,177 former federal civilian employees claiming unemployment insurance benefits for the week ending October 23, a decrease of 2,142 from the previous week. Newly discharged veterans claiming benefits totaled 44,461, a decrease of 14,445 from the prior week.

States reported 3,815,914 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending October 23, a decrease of 162,460 from the prior week. There were 3,520,253 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 October 23 were in Puerto Rico (6.1 percent), Alaska (5.2), California (4.1), Oregon (4.1), Pennsylvania (4.0), Nevada (3.9), New Jersey (3.9), Connecticut (3.6), Arkansas (3.5), South Carolina (3.5) and Wisconsin (3.5).

The largest increases in initial claims for the week ending October 30 were in California (+6,387), Kentucky (+2,901), Wisconsin (+2,644), Oregon (+2,296) and Indiana (+1,920), while the largest decreases were in Florida (-3,450), South Carolina (-2,401), Illinois (-997), Georgia (-923) and Pennsylvania (-897).

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