OESC Reports Weekly Unemployment Claims Numbers
OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) reports a small increase in both initial and continued claims, while both the initial claims’ and continued claims’ four-week moving averages continued to decline.
“Last week we saw an increase in both initial and continued claims, which follows the national trends we are seeing,” said Shelley Zumwalt, OESC Executive Director. “However, Oklahoma is continuing to see a decline in both four-week moving averages, which is a good indication of the positive direction our state is headed.”
Weekly Unemployment Numbers for Week Ending August 7
- For the file week ending August 7, the number of initial claims totaled 3,838, an increase of 305 from the previous week's level of 3,533.
- For the same file week, the less volatile initial claims four-week moving average was 3,872, a decrease of 987 from the previous week's average of 4,859.
- The number of continued claims totaled 30,107, an increase of 417 from the previous week’s level of 29,690.
- Continued claims’ four-week moving average was 32,359, a decrease of 2,552 from the previous week's average of 34,911.
Nationally, the advance figure for seasonally adjusted initial claims for the week ending Aug. 14 was 348,000, a decrease of 29,000 from the previous week's revised level, the U.S. Department of Labor reports. The four-week moving average was 377,750, a decrease of 19,000 from the previous week’s revised average. For the week ending August 7, U.S. DOL reports the advance seasonally adjusted insured unemployment rate was 2.1%, 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.