June 18, 2020
The advance seasonally adjusted insured unemployment rate stood at 14.1% for the week ending June 6, unchanged from the prior week’s revised rate because the previous week’s rate was revised down by 0.3 percentage points from 14.4% to 14.1%. Moreover, DOL stated that, “the advance number for seasonally adjusted insured unemployment during the week ending June 6 was 20,544,000, a decrease of 62,000 from the previous week’s revised level. The previous week’s level was revised down by 323,000 from 20,929,000 to 20,606,000.” Relative to last week’s revised average, the 4-week moving average decreased by 1,092,000 to 20,814,750. Notably, there was a revision in the preceding week’s average by 80,750 from 21,987,500 to 21,906,750.
UNADJUSTED DATA
Based on the unadjusted advance estimate, there were 1,433,027 actual initial claims under state programs in the week ending June 13, a decline of 128,240 (or -8.2%) from the previous week. Moreover, for the week ending June 13, 46 states observed 760,526 initial claims for Pandemic Unemployment Assistance.
During the week ending June 6, the advance unadjusted insured unemployment rate stood at 12.8% little changed from the previous week. The advance unadjusted number for persons claiming UI benefits in state programs increased 25,986 (or 0.1%) to 18,654,001 from a week earlier.
A total of 29,140,557 persons claimed benefits in all programs for the week ended May 30, a decline of 375,522 compared to the prior week.
Extended Benefits, during the week ending May 30, were accessible in the following 34 states: Alaska, California, Connecticut, the District of Columbia, Delaware, Georgia, Hawaii, Idaho, Illinois, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Vermont, Washington, West Virginia, and Wisconsin.
For the week ending June 06, 1,717 former Federal civilian employees claimed for UI benefits, a decrease of 251 relative to the previous week, whereas 1,159 newly discharged veterans (-7) claimed for benefits. However, for the week ending May 30, 15,514 former Federal civilian employees claimed for UI benefits, an increase of 245 relative to the previous week, whereas 11,901 newly discharged veterans (+35) claimed for benefits.
DOL noted that, “during the week ending May 30, 44 states reported 9,280,644 individuals claiming Pandemic Unemployment Assistance benefits and 35 states reported 1,077,319 individuals claiming Pandemic Emergency Unemployment Compensation benefits.”
In the week ending May 30 Nevada observed the highest insured unemployment rates of 24.2% followed by Puerto Rico (21.1), Hawaii (20.2), New York (18.0), Michigan (17.6), Connecticut (16.3), California (16.2), Rhode Island (16.2), Louisiana (16.1), and Massachusetts (16.1).
The states that experienced the highest increases in initial claims for the week ending June 6 were in California (+27,202), Massachusetts (+17,512), Oklahoma (+17,149), New York (+11,873), and Maryland (+9,718), whereas Florida (-95,546), Texas (-17,001), Georgia (-13,909), Michigan (-11,454), and Maine (-8,034) observed the largest decreases.
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