New Unemployment Insurance Claims for The Week of April 16, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on April 16, 2022:

====================

Predicted: 180,000

• Actual: 184,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 186,000

• 4-Week Moving Average: 177,250

====================

From Today's Report

• "...The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending April 9, 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 April 9 was 1,417,000, a decrease of 58,000 from the previous week's unrevised level of 1,475,000. This is the lowest level for insured unemployment since February 21, 1970 when it was 1,412,000. The 4-week moving average was 1,481,750, a decrease of 31,250 from the previous week's revised average. This is the lowest level for this average since March 21, 1970 when it was 1,456,750. The previous week's average was revised up by 1,500 from 1,511,500 to 1,513,000.
  
  
  The highest insured unemployment rates in the week ending April 2 were in New Jersey (2.3), California (2.2), Alaska (2.0), Minnesota (2.0), Illinois (1.7), Massachusetts (1.7), New York (1.7), Rhode Island (1.7), Pennsylvania (1.5), and the Virgin Islands (1.5). The largest increases in initial claims for the week ending April 9 were in Missouri (+7,194), Michigan (+5,950), California (+3,215), Indiana (+3,193), and Texas (+2,617), while the largest decreases were in Ohio (-3,886), Wisconsin (-1,159), Oklahoma (-776), Utah (-270), and Hawaii (-219)..."
  

====================

• Click here to view the full Labor Department report

====================

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <