OESC Reports Weekly Unemployment Claims Numbers
OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) reports a small increase in initial claims, while the initial claims’ four-week moving average, continued claims, and the continued claims’ four-week moving average decline.
“For the past five consecutive weeks, we have seen decreases in both the initial and continued claims four-week moving averages, and those averages continue to be a good indication of the state’s progress,” said Shelley Zumwalt, OESC Executive Director. “While the initial claims numbers have tended to fluctuate, Oklahoma’s numbers are mirroring the trends we are seeing nationwide.”
Weekly Unemployment Numbers for Week Ending Aug. 14
- For the file week ending Aug. 14, the number of initial claims totaled 3,986, an increase of 148 from the previous week's level of 3,838.
- For the same file week, the less volatile initial claims four-week moving average was 3,770, a decrease of 102 from the previous week's average of 3,872.
- The number of continued claims totaled 29,345, a decrease of 762 from the previous week’s level of 30,107.
- Continued claims’ four-week moving average was 30,374, a decrease of 1,985 from the previous week's average of 32,359.
Nationally, the advance figure for seasonally adjusted initial claims for the week ending Aug. 21 was 353,000, an increase of 4,000 from the previous week's revised level, the U.S. Department of Labor reports. The four-week moving average was 366,500, a decrease of 11,500 from the previous week’s revised average. For the week ending Aug. 14, 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.