Unemployment Insurance Weekly Claims Initial claims were 860,000 for the week ending 9/12 (-33,000)

[mahatmakanejeeves]

Source: DOL Twitter account

Unemployment Insurance Weekly Claims

Initial claims were 860,000 for the week ending 9/12 (-33,000).

Insured unemployment was 12,628,000 for the week ending 9/5 (-916,000).

https://dol.gov/ui/data.pdf

Read more:

Link to tweet

---

For perspective:

Thu Aug 27, 2020:

Another 1 million Americans filed for unemployment insurance benefits last week

https://www.democraticunderground.com/10142570333

[mahatmakanejeeves]

1. From the source:

https://www.dol.gov/ui/data.pdf

News Release

Connect with DOL at
https://blog.dol.gov

TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, September 17, 2020

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

In the week ending September 12, the advance figure for seasonally adjusted initial claims was 860,000, a decrease of 33,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 884,000 to 893,000. The 4-week moving average was 912,000, a decrease of 61,000 from the previous week's revised average. The previous week's average was revised up by 2,250 from 970,750 to 973,000.

The advance seasonally adjusted insured unemployment rate was 8.6 percent for the week ending September 5, a decrease of 0.7 percentage point from the previous week's revised rate. The previous week's rate was revised up by 0.1 from 9.2 to 9.3 percent. The advance number for seasonally adjusted insured unemployment during the week ending September 5 was 12,628,000, a decrease of 916,000 from the previous week's revised level. The previous week's level was revised up 159,000 from 13,385,000 to 13,544,000. The 4-week moving average was 13,489,000, a decrease of 532,750 from the previous week's revised average. The previous week's average was revised up by 39,750 from 13,982,000 to 14,021,750.

{snip charts}

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 790,021 in the week ending September 12, a decrease of 75,974 (or -8.8 percent) from the previous week. The seasonal factors had expected a decrease of 42,594 (or -4.9 percent) from the previous week. There were 173,134 initial claims in the comparable week in 2019. In addition, for the week ending September 12, 52 states reported 658,737 initial claims for Pandemic Unemployment Assistance.

The advance unadjusted insured unemployment rate was 8.4 percent during the week ending September 5, a decrease of 0.7 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 12,321,395, a decrease of 1,034,052 (or -7.7 percent) from the preceding week. The seasonal factors had expected a decrease of 117,820 (or -0.9 percent) from the previous week. A year earlier the rate was 1.0 percent and the volume was 1,465,554.

{snip charts. Emphasis mine.}

The total number of people claiming benefits in all programs for the week ending August 29 was 29,768,326, an increase of 98,456 from the previous week. There were 1,498,917 persons claiming benefits in all programs in the comparable week in 2019.

{snip the rest of the twelve-page news release, until the end}

Weekly Claims Archives
Weekly Claims Data

U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at [phone] (voice) or [phone] (federal relay).

U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210

Release Number: USDL 20-1770-NAT

Program Contacts:
Thomas Stengle: [phone]
Media Contact: [phone]

[progree]

2. total number of people claiming benefits in all programs 29,768,326 an increase of 98,456 ...

From the official report from the Department of Labor https://www.dol.gov/ui/data.pdf .

The total number of people claiming benefits in all programs for the week ending August 29 was 29,768,326, an increase of 98,456 from the previous week. There were 1,498,917 persons claiming benefits in all programs in the comparable week in 2019.

This is the latest available on this statistic-- there's a 2 week lag in this statistic.

===================================================

The following is from a week ago: (since then, it's gotten a bit worse, it's 29.8 million now instead of 29.6 million)

by Wolf Richter • Sep 10, 2020 •

Continued unemployment claims rise for second week, to 29.6 million, worst since Aug 1, meaning 18.4% of labor force is on unemployment insurance. State & federal initial claims jumped to 1.7 million in the week (not seasonally adjusted).

Total continued claims for unemployment insurance (UI) under all state and federal programs rose by 380,000, to 29.6 million people (not seasonally adjusted), the highest since August 1, according to the Department of Labor this morning. This was the second weekly increase in a row, after the 2.2-million jump last week.

These 29.6 million people who continued to claim UI under all programs translate into 18.4% of the civilian labor force of 161 million:



Blue columns – continued claims under state programs: +54k

The number of people who continued claiming UI under state programs rose by 54k to 13.2 million (not seasonally adjusted), the first increase after five decreases in a row. .........(more)

https://wolfstreet.com/2020/09/10/unemployment-crisis-going-in-wrong-direction-week-25-of-u-s-labor-market-collapse/

===================================================

Thanks marmar for the post in the Economy Group.

The ultimate source of the numbers: https://www.dol.gov/ui/data.pdf

Something I've been yammering about for quite some time. It went from 27.0 million to 29.6 million in 2 weeks. (update: it went from 27.0 million to 29.8 million in 3 weeks)

As always, note the discrepancy between 29.6 M (update: 29.8 M) continuing claims, and the BLS's Friday (9/4) job report of 13.6 M unemployed.

[mahatmakanejeeves]

3. Thank you, and good morning. NT

[progree]

4. Good morning, and thanks for the thread starter -- I was waiting for it 😊

While total continuing claims is getting worse, at least its getting worse at a slower pace.

Maybe a little dose of bleach and herd mentality will get it going in the right direction?

[iluvtennis]

8. And yet, t- rump never talks about this part of the economy... only the damn

stock market. Still waiting on his plan to help the 29 million unemployed people and the xx million whose hours have been reduced due to pandemic.

[turbinetree]

5. Not to worry the orange hair confection will come out and tell everyone he's the best

at job creation and then off to the golf links ....................on the taxpayers dime and #Moscow Mitch is has nothing else better to do but pack the courts with Federalist Society POS....................while he's sitting on the House passed Hero's Act............................

[mahatmakanejeeves]

6. Rain is in the forecast, and he's headed to ... let me check ...

the National Archives, to look at the Constitution, no doubt. I suspect he'll find it alien.

https://factba.se/topic/calendar

[turbinetree]

9. He will bring someone with him to read into to him his name his #Moscow Mitch

[George II]

7. This is not good news, even though they'll turn it around to sound that way.