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Initial unemployment claims decrease from previous week

09.20.11

SEPTEMBER 2011 Scranton/Wilkes-Barre/Hazleton edition of The Union News

Initial unemployment claims decrease from previous week

BY PAUL TUCKER
THEUNIONNEWSSWB@AOL.COM

REGION, September 2nd- According to the United States Employment and Training Administration, in the week ending August 27th the seasonally adjusted initial unemployment claims was 409,000 a decrease of 12,000 from the previous week’s revised figure of 421,000.

The four-week moving average was 410,250, an increase of 1,750 from the previous week’s revised average of 408,500. The numbers indicate jobs are still hard to find, in fact some economist have predicted a second recession is likely toward the end of 2011 or the beginning of 2012. The unemployment rate was reported to be 9.1 percent, however, besides the 14 million reported to be unemployed, there are 8.8 million American workers that are not counted, part-timers who want full-time work or those who have exhausted their unemployment benefits. There are 14 million workers reported to be unemployed.

The advance unseasonally adjusted insured unemployment rate is 2.8 percent, unchanged from the prior week.

The advance number for seasonally adjusted unemployment during the week ending August 20th, was 3,735,000, a decrease of 18,000 from the preceding week’s revised level of 3,753,000. The four-week moving average was 3,726,000, a decrease of 3,250 from the preceding week’s revised average of 3,729,250.

The advance number of actual claims under state programs, unadjusted, totaled 334,372 in the week ending August 27th, a decrease of 10,498 from the previous week. There were 383,135 initial claims in the comparable week in 2010. However, since August 2010 thousands of workers have expired their benefits and are no longer counted as unemployed.

States reported 3,118,042 persons claimed Emergency Unemployment Compensation (EUC) benefits for the week, a increase of 31,261 from the prior week.

There were 4,556,751 claimants in the comparable week in 2010. The EUC weekly claims include first, second, third and fourth tier activity.

There are 31 states and the District of Columbia, which includes Pennsylvania, that extended unemployment benefits were available.

Pennsylvania was first among all fifty states with the highest insured unemployment rates in the week at 4.2 percent. New Jersey is second at 3.9 percent, Alaska, California and Connecticut were tied for third at 3.8 percent.

The largest increases in initial claims, (just recently laid-off), were in Pennsylvania, increasing by 1,904; Oregon, increasing by 698; Rhode Island, increasing by 634; and California, increasing by 615.

The largest decreases were in Massachusetts, dropping by 1,698; South Carolina, dropping by 1,058; Georgia, dropping by 978; Nevada, dropping by 695; and Florida, dropping by 670.

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