Insured Unemployment Rates and Numbers
The advance seasonally adjusted insured unemployment rate remained steady at 1.2% for the week ending July 27. However, the number of people claiming unemployment benefits increased by 6,000 to 1,875,000, the highest level since late November 2021. The 4-week moving average of insured unemployment rose to 1,862,000, marking its highest level since November 2021.
Unadjusted Claims and State Data
On an unadjusted basis, the actual number of initial claims under state programs totaled 203,054, showing a 6.3% decrease from the previous week. This figure was lower than the seasonal expectation of an increase. Comparatively, the insured unemployment rate remained unchanged at 1.3%, with a slight decrease in the total number of continued weeks claimed, totaling 1,910,894.
