Unemployment Claims Decline for the 27th Consecutive Week
OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) continues to report a decline in continued and initial unemployment claims with the continued claims four-week moving average dropping for the 27th consecutive week.
“It’s encouraging to see claims continue to decline as we enter into the new year,” said Shelley Zumwalt, OESC Executive Director. “This has been a challenging year for Oklahomans. In this year alone, OESC has paid out more in unemployment benefits than the past 10 years combined. We know how important these benefits are to claimants. We are looking at all options for getting the new benefits in the Continued Assistance for Unemployed Workers legislation implemented as quickly and efficiently as possible and will update claimants and the public once we have a solid timeline."
Weekly Unemployment Numbers for Week Ending Dec. 26
- For the week ending Dec. 26, the advance number of initial claims, unadjusted, totaled 3,500, a decrease of 1,715 from the previous week's revised level of 5,215.
- Initial claims’ four-week moving average was 5,045, a decrease of 10 from the previous week's revised average of 5,055.
- The advance unadjusted number of continued claims totaled 33,211, a decrease of 9,580 from the previous week’s revised level of 42,791.
- Continued claims’ four-week moving average was 42,048, a decrease of 3,004 from the previous week's revised average of 45,052.
Nationally, the advance figure for seasonally adjusted initial claims during the same period was 787,000, a decrease of 19,000 from the previous week's revised level, the U.S. Department of Labor reports. The four-week moving average was 836,750, an increase of 17,750 from the previous week. For the week ending Dec. 19, DOL reports the advance seasonally adjusted insured unemployment rate was 3.6%, unchanged from the previous week's unrevised 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.