Jobless Update - Jobless Claims At 5 Year Low

Initial UI claims have dropped to the lowest in  5 years and moving averages for both initial and continuing claims on a  downward trend. Extended benefits are no longer available for all states and many states have restricted EUC benefits.

The number of new applications for Unemployment Insurance dropped  18,000 to 324,000 from the previous week's revised revised figure of 342,000, in the week ending 27 April 2013, the US Department of Labor  reported Thursday. Initial claims have been consistently revised upwards since the beginning of February.

The 4-week moving average was 342,250, a decrease of 16,000 from the previous week's revised average of 358,250.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending April 20, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 20 was 3,019,000, an increase of 12,000 from the preceding week's revised level of 3,007,000. The 4-week moving average was 3,055,500, a decrease of 18,000 from the preceding week's revised average of 3,073,500.

There were 18,076 former Federal civilian employees claiming UI benefits for the week ending April 13, a decrease of 628 from the previous week. Newly discharged veterans claiming benefits totaled 36,903, a decrease of 404 from the prior week.

The highest insured unemployment rates in the week ending April 13 were in Alaska (5.1), Puerto Rico (4.2), New Jersey (3.6), Wisconsin (3.6), California (3.4), Connecticut (3.3), Pennsylvania (3.3), Illinois (3.2), New Mexico (3.2), and Oregon (3.1).

Does your state qualify for  EUC?

News and Comment - No Job News