F.P. Report
SEASONALLY ADJUSTED DATA
In the week ending March 5, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 11,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 215,000 to 216,000. The 4-week moving average was 231,250, an increase of 500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 230,500 to 230,750.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending February 26, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 26 was 1,494,000, an increase of 25,000 from the previous week’s revised level. The previous week’s level was revised down by 7,000 from 1,476,000 to 1,469,000. The 4-week moving average was 1,506,500, a decrease of 31,250 from the previous week’s revised average. This is the lowest level for this average since March 28, 1970 when it was 1,483,500. The previous week’s average was revised down by 1,750 from 1,539,500 to 1,537,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 218,072 in the week ending March 5, an increase of 22,025 (or 11.2 percent) from the previous week. The seasonal factors had expected an increase of 10,954 (or 5.6 percent) from the previous week. There were 722,180 initial claims in the comparable week in 2021.
The advance unadjusted insured unemployment rate was 1.4 percent during the week ending February 26, an increase of
- percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs totaled 1,916,175, an increase of 64,079 (or 3.5 percent) from the preceding week. The seasonal factors had expected an increase of 39,268 (or 2.1 percent) from the previous week. A year earlier the rate was 3.2 percent and the volume was 4,582,021.
The total number of continued weeks claimed for benefits in all programs for the week ending February 19 was 1,909,025, a decrease of 62,259 from the previous week. There were 20,837,008 weekly claims filed for benefits in all programs in the comparable week in 2021.
During the week ending February 19, Extended Benefits were available in the following 2 states: New Jersey, and New Mexico.
Initial claims for UI benefits filed by former Federal civilian employees totaled 430 in the week ending February 26, a decrease of 96 from the prior week. There were 276 initial claims filed by newly discharged veterans, a decrease of 62 from the preceding week.
There were 9,963 continued weeks claimed filed by former Federal civilian employees the week ending February 19, a decrease of 631 from the previous week. Newly discharged veterans claiming benefits totaled 4,658, an increase of 13 from the prior week.
The highest insured unemployment rates in the week ending February 19 were in Alaska (2.4), California (2.4), Illinois (2.4), New Jersey (2.4), Rhode Island (2.4), Minnesota (2.3), Massachusetts (2.2), New York (2.2), Michigan (1.8),
Montana (1.8), and Pennsylvania (1.8).
The largest increases in initial claims for the week ending February 26 were in Massachusetts (+3,201), Rhode Island (+1,040), District of Columbia (+995), Nevada (+689), and Kansas (+587), while the largest decreases were in Michigan (-9,161), California (-5,412), Florida (-2,182), Ohio (-2,098), and Illinois (-1,777).
