Unemployment Continued Claims Decline for the 24th Consecutive Week
OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) reports sustained declines in continued unemployment claims with the continued claims four-week moving average dropping for the 24th consecutive week, while there was an increase in initial claims.
“While this persisting decline in continued claims is good news, we are watching as initial claims fluctuate and our team remains focused on helping Oklahomans get their benefits as efficiently as possible,” said OESC Executive Director Shelley Zumwalt. “I know many Oklahomans will be impacted with federal aid programs set to expire this month and this will be a very difficult time for claimants who have relied on this federal funding.”
Weekly Unemployment Numbers for Week Ending Dec. 5
- For the week ending Dec. 5, the advance number of initial claims, unadjusted, totaled 5,498, an increase of 1,957 from the previous week's revised level of 3,541.
- Initial claims’ four-week moving average was 4,873, an increase of 257 from the previous week's revised average of 4,616.
- The advance unadjusted number of continued claims totaled 40,914, a decrease of 4,311 from the previous week’s revised level of 45,225.
- Continued claims’ four-week moving average was 46,681, a decrease of 4,585 from the previous week's revised average of 51,266.
Nationally, the advance figure for seasonally adjusted initial claims during the same period was 853,000, an increase of 137,000 from the previous week's revised level, the U.S. Department of Labor reports. The four-week moving average was 776,000, an increase of 35,500 from the previous week. For the week ending Nov. 28, DOL reports the advance seasonally adjusted insured unemployment rate was 3.9%, an increase of 0.1 percentage point from the previous week’s revised rate.
The national weekly seasonally adjusted initial claims report is one of 10 components in the Composite Index of Leading Economic Indicators. To smooth out the volatility in the weekly initial claims data, a four-week moving average is used to assess trends.