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Economy in Brief

U.S. Initial Jobless Insurance Claims Fall Back
by Tom Moeller  January 8, 2015

Initial unemployment insurance claims during the week ended January 3 fell to 294,000 (-11.7% y/y) after rising to an unrevised 298,000 in the prior week. The four-week moving average of initial claims was fairly steady at 290,500. The Action Economics Forecast Survey expected 290,000 claims in the latest week.

Continuing claims for unemployment insurance in the week ended December 27 increased to 2.452 million (-14.4% y/y) from 2.351 million. The four-week moving average slipped to 2.397 million.

The insured rate of unemployment held at 1.8%, where it has been since early September.

By state, in the week ended December 20, the insured rate of unemployment continued to vary greatly with Florida (0.87%), Virginia (0.94%), Georgia (0.98%), Nebraska (1.03%), Tennessee (1.05%) and Indiana (1.12%) at the low end of the range. At the high end were Wisconsin (2.32%), California (2.47%), Pennsylvania (2.56%), Connecticut (2.72%), New Jersey (2.98%) and Alaska (4.25%). These data are not seasonally adjusted.

Data on weekly unemployment insurance are contained in Haver's WEEKLY database and they are summarized monthly in USECON. Data for individual states are in REGIONW. The expectations figure is from the Action Economics survey, carried in the AS1REPNA database.

Unemployment Insurance (000s) 01/03/15 12/27/14 12/20/14 Y/Y % 2014 2013 2012
Initial Claims 294 298 281 -11.7 309 343 374
Continuing Claims -- 2,452 2,351 -14.4 2,599 2,978 3,319
Insured Unemployment Rate (%) -- 1.8 1.8 2.2
2.0 2.3 2.6
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