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Posted by: thepinetree on 04/02/2020 07:44 AM Updated by: thepinetree on 04/02/2020 07:44 AM
Expires: 01/01/2025 12:00 AM
:

Slight Uptick in Jobless Claims to 6,648,000 for Latest Week

Washington, DC...The COVID-19 virus continues to impact the number of initial claims. Nearly every state providing comments cited the COVID-19 virus. States continued to identify increases related to the services industries broadly, again led by accommodation and food services. However, state comments indicated a wider impact across industries. Many states continued to cite the health care and social assistance, and manufacturing industries, while an increasing number of states identified the retail and wholesale trade and construction industries. In the week ending March 28, the advance figure for seasonally adjusted initial claims was 6,648,000, an increase of 3,341,000 from the previous week's revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series.




The previous week's level was revised up by 24,000 from 3,283,000 to 3,307,000. The 4-week moving average was 2,612,000, an increase of 1,607,750 from the previous week's revised average. The previous week's average was revised up by 6,000 from 998,250 to 1,004,250. The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending March 21, an increase of 0.9 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 21 was 3,029,000, an increase of 1,245,000 from the previous week's revised level. This is the highest level for insured unemployment since July 6, 2013 when it was 3,079,000. The previous week's level was revised down by 19,000 from 1,803,000 to 1,784,000. The 4-week moving average was 2,053,500, an increase of 327,250 from the previous week's revised average. This is the highest level for this average since January 14, 2017 when it was 2,062,000. The previous week's average was revised down by 4,750 from 1,731,000 to 1,726,250.


The advance number of actual initial claims under state programs, unadjusted, totaled 5,823,917 in the week ending
March 28, an increase of 2,903,757 (or 99.4 percent) from the previous week. The seasonal factors had expected a
decrease of 23,150 (or -0.8 percent) from the previous week. There were 183,775 initial claims in the comparable week
in 2019.

The advance unadjusted insured unemployment rate was 2.3 percent during the week ending March 21, an increase of 0.9
percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs
totaled 3,383,382, an increase of 1,308,646 (or 63.1 percent) from the preceding week. The seasonal factors had expected
a decrease of 82,062 (or -4.0 percent) from the previous week. A year earlier the rate was 1.3 percent and the volume was
1,908,355.

3
The total number of people claiming benefits in all programs for the week ending March 14 was 2,105,219, an increase
of 98,832 from the previous week. There were 2,040,256 persons claiming benefits in all programs in the comparable
week in 2019.

No state was triggered "on" the Extended Benefits program during the week ending March 14.
Initial claims for UI benefits filed by former Federal civilian employees totaled 1,282 in the week ending March 21, an
increase of 709 from the prior week. There were 897 initial claims filed by newly discharged veterans, an increase of 461
from the preceding week.

There were 9,792 former Federal civilian employees claiming UI benefits for the week ending March 14, an increase of
148 from the previous week. Newly discharged veterans claiming benefits totaled 5,591, an increase of 384 from the
prior week.

The highest insured unemployment rates in the week ending March 14 were in Alaska (2.8), Connecticut (2.7), New
Jersey (2.6), California (2.4), Massachusetts (2.3), Minnesota (2.3), Rhode Island (2.3), Montana (2.2), Pennsylvania
(2.2), Illinois (2.1), and West Virginia (2.1).

All states reported increases in initial claims for the week ending March 21. The largest increases were in Pennsylvania
(+362,012), Ohio (+189,263), Massachusetts (+141,003), Texas (+139,250), and California (+128,727), while the
smallest increases were in the Virgin Islands (+79), South Dakota (+1,571), West Virginia (+2,671), Vermont (+3,125),
and Wyoming (+3,136).

4
UNEMPLOYMENT INSURANCE DATA FOR REGULAR STATE PROGRAMS
WEEK ENDING March 28 March 21 Change March 14 Prior Year1
Initial Claims (SA) 6,648,000 3,307,000 +3,341,000 282,000 211,000
Initial Claims (NSA) 5,823,917 2,920,160 +2,903,757 251,416 183,775
4-Wk Moving Average (SA) 2,612,000 1,004,250 +1,607,750 232,500 217,250
WEEK ENDING March 21 March 14 Change March 7 Prior Year1
Insured Unemployment (SA) 3,029,000 1,784,000 +1,245,000 1,702,000 1,719,000
Insured Unemployment (NSA) 3,383,382 2,074,736 +1,308,646 1,977,272 1,908,355
4-Wk Moving Average (SA) 2,053,500 1,726,250 +327,250 1,703,500 1,728,750
Insured Unemployment Rate (SA)2 2.1% 1.2% +0.9 1.2% 1.2%
Insured Unemployment Rate (NSA)2 2.3% 1.4% +0.9 1.4% 1.3%
INITIAL CLAIMS FILED IN FEDERAL PROGRAMS (UNADJUSTED)
WEEK ENDING March 21 March 14 Change Prior Year1
Federal Employees (UCFE) 1,282 573 +709 602
Newly Discharged Veterans (UCX) 897 436 +461 480
PERSONS CLAIMING UI BENEFITS IN ALL PROGRAMS (UNADJUSTED)
WEEK ENDING March 14 March 7 Change Prior Year1
Regular State 2,071,070 1,973,584 +97,486 2,006,493
Federal Employees 9,792 9,644 +148 11,079
Newly Discharged Veterans 5,591 5,207 +384 6,068
Extended Benefits3 0 0 0 0
State Additional Benefits4 5,901 5,584 +317 5,854
STC / Workshare 5 12,865 12,368 +497 10,762
TOTAL 2,105,219 2,006,387 +98,832 2,040,256




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: 2020-04-02 09:52:10   By: Anonymous
 
Slight uptick?

[Reply ]

No Subject
Posted on: 2020-04-02 14:45:50   By: Anonymous
 
Calling out Democrats huh? A lot of people loss their jobs to absolutely no fault of their own. We knew this was coming. Unfortunately many Republicans see the job losses as a bigger tragedy than the human losses. President Trump has shown why exactly so many feared him as president. He had handled this pandemic extremely poorly. What’s up with the only states who aren’t enforcing shutdowns and social distancing are all red states?

[Reply ]

    Re:
    Posted on: 2020-04-02 15:53:11   By: Anonymous
     
    Fact Check: “Greatest healthcare system in the world”

    In extolling Americans to stay home, the vice-president Mike Pence said America has the “greatest healthcare system in the world”.

    In fact, America has the most expensive healthcare system in the world, but by many measures is far behind the best. In a 2014 report from the Urban Institute, the US ranked dead last out of 11 countries overall, and last in four of six other metrics. Those metrics were access, efficiency, equity, healthy lives and health expenses.

    During the Covid-19 pandemic, the US struggled for months to launch accurate, effective and quick tests to the population, and still lags behind countries such as South Korea in per capita testing. “Everyone working in this space would agree that no matter how you measure it, the US is far behind on this,” Jen Kates, the director of global health and HIV policy at the Kaiser Family Foundation, told Vox about the US’s coronavirus response.

    [Reply ]

The most unstable industries in the US right now
Posted on: 2020-04-02 19:21:09   By: Anonymous
 
The most unstable industries in the US right now.

Airlines
Auto Manufacturing
Construction
Cruises
Film and TV Production
Gambling
Gyms
Hotels
Movie Theaters
Music Festivals
Oil and Gas
Real Estate
Restaurants and Food Service
Retail
Shipping
Sports
Technology
Theme Parks
Trucking

[Reply ]

    Re: The most unstable industries in the US right now
    Posted on: 2020-04-02 23:27:01   By: Anonymous
     
    But porn is doing good' Trump’s a major subscriber to gay porn with fat bald men and handlebar mustaches. Kushner swallows, Jivanka is a bundle hermaphroditism and make up but she grows more facial hair over the weekends and waxes her/his smooth as Kushner’s. Dim Jr. is just jealous of Jivanka so he never shaves, and Eric.....how do you describe a rich loser? 🍩......who’s Tiffany again? How much do y’all like your tax dollars going to daddy’s little millionaires?

    [Reply ]

No Subject
Posted on: 2020-04-03 09:36:55   By: Anonymous
 
I thought Trump said this was a hoax designed to make him look bad?

I'm confused?

Does he only take credit and no responsibility?



[Reply ]


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