New Unemployment Insurance Claims for The Week of October 1, 2022

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on October 1, 2022:

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Predicted: 210,000

• Actual: 219,000

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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): 190,000

• 4-Week Moving Average: 206,500

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From Today's Report

"...The highest insured unemployment rates in the week ending September 17 were in New Jersey (1.8), California (1.7), Puerto Rico (1.6), New York (1.4), Alaska (1.2), Massachusetts (1.2), Rhode Island (1.2), Connecticut (1.1), and Nevada (1.1).

The largest increases in initial claims for the week ending September 24 were in Ohio (+1,586), North Carolina (+289), Tennessee (+286), Arkansas (+38), and Arizona (+35), while the largest decreases were in Michigan (-5,715), New York (-1,404), New Jersey (-1,400), Missouri (-966), and Georgia (-799)..."

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• Click here to view the full Labor Department report

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