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OESC Hosts First of Seven Career Fairs

Thursday, May 06, 2021

Initial Claims Fall, Continued Claims Increase

OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) reports a decrease in initial unemployment claims and in the initial claims’ four-week moving average while also reporting an increase in continued claims and the continued claims’ four-week moving average. Today, the agency is hosting the first of seven career fairs that are scheduled across the state.

“This week, we saw an increase in continued claims and the continued claim’s four-week moving average, likely due to the high number of initial claims we saw the previous week,” said Shelley Zumwalt, OESC Executive Director. “Those high initial claims numbers were partially attributable to claimants reaching the end of their benefit year, re-filing and then being classified in our system as an initial claim. This is part of a cycle we would expect to see for the next few weeks.”

“With a focus on re-employment efforts to help the state’s economy recover and to rebuild our workforce, we are excited to be hosting seven career fairs,” said Zumwalt. “Employers across the state are safely operating and they are looking for employees. If claimants wait until the end of the federal benefits, the job market will be extremely competitive. Right now is the best time to find a job. With the career fairs we are currently hosting across the state, we are confident that we can reduce unemployment by helping claimants get back to work.”

OESC is hosting career fairs in Tulsa, McAlester, Enid, Lawton and Oklahoma City, as well as a virtual option for those who cannot attend in person. Claimants can fulfill their work search requirements at the upcoming OESC career fairs.

Employers can register to participate in the career fairs at http://regpack.com/reg/OESC, and those looking for jobs can register at http://regpack.com/reg/oesc21.

Weekly Unemployment Numbers for Week Ending May 1

  • For the week ending May 1, the advance number of initial claims, unadjusted, totaled  11,356, a decrease of 6,013 from the previous week's revised level of 17,369.
  • Initial claims’ four-week moving average was 15,870, a decrease of 624 from the previous week's revised average of 16,494.
  • The advance unadjusted number of continued claims totaled 32,981, an increase of 6,943 from the previous week’s revised level of 26,038.
  • Continued claims’ four-week moving average was 28,439, an increase of 2,189 from the previous week's revised average of 26,250.

Nationally, the advance figure for seasonally adjusted initial claims during the same period was  498,000, a decrease of 92,000 from the previous week's revised level, the U.S. Department of Labor reports. The four-week moving average was 560,000, a decrease of 61,000 from the previous week. For the week ending April 24, U.S. DOL reports the advance seasonally adjusted insured unemployment rate was 2.6%, 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.

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