U.S. Initial Unemployment Claims Declined in the Week of August 15
Summary
- New claims declined by 6,000 to 206,000 in the week of August 15.
- Continuing claims rose by 18,000 to 1.799 million in the week ending August 8.
- The insured unemployment rate was unchanged at 1.2% in the week of August 8.
Initial claims for unemployment insurance declined 6,000 to 206,000 in the week ending August 15, from 212,000 in the week ending August 8, revised from 209,000. The four-week average was 204,000 in the August 15 week, up from 199,750 in the August 8 week. Claims remain largely range-bound at historically low levels between 200,000 and 230,000. The Action Economics/Haver Analytics Survey looked for 210,000 claims to have been filed.
The total number of unemployment insurance beneficiaries—also known as “continuing claims”— increased by 18,000 to 1.799 million in the week ending August 8 from 1.781 million in the week of August 1, revised from 1.777 million. The four-week moving average rose to 1.789 million in the August 8 week from 1.787 million in the August 1 week. The insured unemployment rate remained unchanged at 1.2% in the week of August 8.
The insured unemployment rate varies greatly across individual states and territories. In the week ending August 1, the highest unemployment rates were in Oregon (2.00%), Minnesota (2.09%), Massachusetts (2.12%), Rhode Island (2.20%), Puerto Rico (2.57%), and New Jersey (2.62%). The lowest rates were in South Dakota (0.27%), Florida (0.36%), Alabama and North Carolina (both 0.40%), Louisiana (0.43%), Arkansas (0.48%), and North Dakota (0.49%). Rates in other notable states include California (1.90%), New York (1.70%), Pennsylvania (1.69%), Illinois (1.57%), and Texas (1.10%). These state data are not seasonally adjusted.
Data on weekly unemployment claims are from the Department of Labor itself, not the Bureau of Labor Statistics. They begin in 1967 and are contained in Haver’s WEEKLY database and summarized monthly in USECON. Data for individual states are in REGIONW back to December 1986.
Kathleen Stephansen, CBE
AuthorMore in Author Profile »Kathleen Stephansen is a Senior Economist for Haver Analytics and an Independent Trustee for the EQAT/VIP/1290 Trust Funds, encompassing the US mutual funds sponsored by the Equitable Life Insurance Company. She is a former Chief Economist of Huawei Technologies USA, Senior Economic Advisor to the Boston Consulting Group, Chief Economist of the American International Group (AIG) and AIG Asset Management’s Senior Strategist and Global Head of Sovereign Research. Prior to joining AIG in 2010, Kathleen held various positions as Chief Economist or Head of Global Research at Aladdin Capital Holdings, Credit Suisse and Donaldson, Lufkin and Jenrette Securities Corporation.
Kathleen serves on the boards of the Global Interdependence Center (GIC), as Vice-Chair of the GIC College of Central Bankers, is the Treasurer for Economists for Peace and Security (EPS) and is a former board member of the National Association of Business Economics (NABE). She is a member of Chatham House and the Economic Club of New York. She holds an undergraduate degree in economics from the Universite Catholique de Louvain and graduate degrees in economics from the University of New Hampshire (MA) and the London School of Economics (PhD abd).
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