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Posted by: thepinetree on 04/12/2018 07:50 AM Updated by: thepinetree on 04/12/2018 07:50 AM
Expires: 01/01/2023 12:00 AM
:

Monthly Unemployment Claims Lowest Since 1974

Washington, DC...In the week ending April 7, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 9,000 from the previous week's unrevised level of 242,000. The 4-week moving average was 230,000, an increase of 1,750 from the previous week's unrevised average of 228,250.






Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.

The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending March 31, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 31 was 1,871,000, an increase of 53,000 from the previous week's revised level. The previous week's level was revised up 10,000 from 1,808,000 to 1,818,000. The 4-week moving average was 1,850,250, a decrease of 1,500 from the previous week's revised average. This is the lowest level for this average since January 5, 1974 when it was 1,838,500. The previous week's average was revised up by 3,500 from 1,848,250 to 1,851,750.

UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 231,388 in the week ending April 7, an increase of 30,392 (or 15.1 percent) from the previous week. The seasonal factors had expected an increase of 39,473 (or 19.6 percent) from the previous week. There were 239,823 initial claims in the comparable week in 2017.

The advance unadjusted insured unemployment rate was 1.4 percent during the week ending March 31, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 1,994,554, a decrease of 8,544 (or -0.4 percent) from the preceding week. The seasonal factors had expected a decrease of 65,437 (or -3.3 percent) from the previous week. A year earlier the rate was 1.5 percent and the volume was 2,136,831.
The total number of people claiming benefits in all programs for the week ending March 24 was 2,035,137, a decrease of 110,702 from the previous week. There were 2,261,867 persons claiming benefits in all programs in the comparable week in 2017.

Extended benefits were payable in Alaska and the Virgin Islands during the week ending March 24.

Initial claims for UI benefits filed by former Federal civilian employees totaled 583 in the week ending March 31, an increase of 1 from the prior week. There were 599 initial claims filed by newly discharged veterans, an increase of 3 from the preceding week.

There were 9,872 former Federal civilian employees claiming UI benefits for the week ending March 24, a decrease of 1,821 from the previous week. Newly discharged veterans claiming benefits totaled 8,006, an increase of 103 from the prior week.

The highest insured unemployment rates in the week ending March 24 were in the Virgin Islands (4.6), Alaska (3.2), New Jersey (2.7), Connecticut (2.6), Puerto Rico (2.5), Massachusetts (2.4), Rhode Island (2.3), California (2.2), Montana (2.2), and Pennsylvania (2.2).

The largest increases in initial claims for the week ending March 31 were in Illinois (+2,504), Pennsylvania (+2,443), New Jersey (+2,081), Ohio (+1,496), and Michigan (+1,471), while the largest decreases were in Texas (-3,120), Connecticut (-1,005), Massachusetts (-877), Florida (-641), and New York (-556).




Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
No Subject
Posted on: 2018-04-12 08:26:18   By: Anonymous
 
I'm sure we need to thank Barry for this!

[Reply ]

    Re: Thanks Barry and President Trump
    Posted on: 2018-04-12 09:13:04   By: Anonymous
     

    You do know one goes off the radar when the benefits run out, right? So when your benefits stop coming, you'll be seen as not receiving money, therefore, you're no longer unemployed. So the unemployment graph is really not correct. It's no doubt way off mark, but politicians really like those numbers.
    I've only been unemployed once, years ago, not even a week between jobs. I guess it was because I was white so therefore privileged and not the fact I hit the streets selling my abilities. I've worked there for decades now and will retire with a handsome retirement.
    So thanks Barry and President Trump, but not you Hillary, the Clintons are as corrupt as they come.

    [Reply ]

      Re: Thanks Barry and President Trump
      Posted on: 2018-04-12 09:36:09   By: Anonymous
       
      If you think the Clintons are more corrupt than the Trumps and Kushners, then you really are not paying attention.

      And if you think being white didn't help you get a job, you have lived a very "white" existence. Especially if you have had a white collar job and not worked as a laborer or warehouse man.

      We can agree that it is not your fault that you are white but being white is not a reason to close your mind to the discrimination non-whites often face in hiring. That would be your fault. But perhaps that was not your point - I took that part of your post as sarcasm.

      [Reply ]

        Re: Thanks Barry and President Trump
        Posted on: 2018-04-12 10:06:24   By: Anonymous
         
        Warehouse" MAN " LOL! Turn in your LIBTURD CARD. You are obviously a MISOGYNIST!

        [Reply ]

        Re: Thanks Barry and President Trump
        Posted on: 2018-04-12 14:52:34   By: Anonymous
         
        I am a white middle aged white man with self loathing. Does that make you happy?

        [Reply ]

          Re: Thanks Barry and President Trump
          Posted on: 2018-04-12 20:10:25   By: Anonymous
           
          White is Right and I'm rich.
          It's great being privileged.

          [Reply ]

    Re:
    Posted on: 2018-04-12 09:30:25   By: Anonymous
     
    You do have Obama to thank. The economy has continued to grow at the same essentially rate that it was growing when Obama left office. The main thing that is different now is that we will be running $1 trillion annual deficits due to the GOP tax cuts and spending bill. In a few years that will tank the economy. You will then have something that you can honestly attribute to Trump and the GOP.

    [Reply ]

      Re:
      Posted on: 2018-04-12 12:38:24   By: Anonymous
       
      GDP at +3% under Obama? Yeah, no. . .

      [Reply ]

No Subject
Posted on: 2018-04-12 09:45:40   By: Anonymous
 
The economy never grew at all under Barry, quit making claims that are so ridiculous! Not hard to find, but the facts are facts more people on unemployment, welfare, food stamps, under Barry! He always made the claim it was impossible to grow the economy, and he was right, he was so busy stirring the racial pot with Al and theReverend Jackson, how could the economy grow? Race baiting doesn't create jobs, but turmoil! FACT

[Reply ]

seasonally adjusted initial claims
Posted on: 2018-04-12 12:50:21   By: Anonymous
 
Go "weee@$%^&?+&" boom.

[Reply ]

    Re: seasonally adjusted initial claims
    Posted on: 2018-04-13 16:55:07   By: Anonymous
     
    Thanks Obama

    [Reply ]


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