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REVISION TO SEASONAL ADJUSTMENT FACTORS
Note:
This week's release reflects the annual revision to the weekly unemployment claims seasonal adjustment factors. The seasonal adjustment factors used for the UI Weekly Claims data from 2019 forward, along with the resulting seasonally adjusted values for initial claims and continuing claims, have been revised. In addition, please note that this year the Bureau of Labor Statistics (BLS) has implemented new models to seasonally adjust both the initial claims and continued claims. For more information regarding the new methodology, please see the additional information at the end of this news release.

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS - SEASONALLY ADJUSTED DATA

March 14, 2024 - In the week ending March 9, the advance figure for seasonally adjusted initial claims was 209,000, a decrease of 1,000 department of labor seal logofrom the previous week's revised level. The previous week's level was revised down by 7,000 from 217,000 to 210,000. The 4-week moving average was 208,000, a decrease of 500 from the previous week's revised average. The previous week's average was revised down by 3,750 from 212,250 to 208,500.

The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending March 2, unchanged from the previous week's revised rate. The previous week's rate was revised down by 0.1 from 1.3 to 1.2 percent. The advance number for seasonally adjusted insured unemployment during the week ending March 2 was 1,811,000, an increase of 17,000 from the previous week's revised level. The previous week's level was revised down by 112,000 from 1,906,000 to 1,794,000. The 4-week moving average was 1,799,250, an increase of 2,000 from the previous week's revised average. The previous week's average was revised down by 91,000 from 1,888,250 to 1,797,250

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Source: DOL

Related: 

Click here for a full list of week-by-week 2022 Initial Unemployment Claims