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Continued Claims Four-week Moving Average Declines for 17th Consecutive Week

Wednesday, November 24, 2021

Oklahoma's Unemployment Rate Drops to Third Lowest in the Nation

OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) reports that unemployment claims declined for the week ending Nov. 13, with the continued claims’ four-week moving average declining for the 17th consecutive week. 

“Oklahoma’s unemployment rate is third lowest in the nation and the lowest it has been in 45 years since we started using the current method of measuring unemployment in 1976,” said Shelley Zumwalt, OESC Executive Director. “I’m proud to see Oklahoma progress past pre-pandemic numbers and reach new milestones for our state. Moving forward, we are committed to ensuring that our state sees continued economic growth.”

Weekly Unemployment Numbers for Week Ending Nov. 13

  • For the file week ending Nov. 13, the number of initial claims, unadjusted, totaled 1,828, a decrease of 192 from the previous week's level of 2,020. 
  • For the same file week, the less volatile initial claims four-week moving average was  2,352, a decrease of 90 from the previous week's average of 2,442.
  • The number of continued claims totaled 14,478, a decrease of 879 from the previous week’s level of 15,357.
  • Continued claims’ four-week moving average was 15,683, a decrease of 563 from the previous week's average of 16,246.

Nationally, the advance figure for seasonally adjusted initial claims for the week ending Nov. 20 was 199,000, a decrease of 71,000 from the previous week's revised level, the U.S. Department of Labor (U.S. DOL) reports. The four-week moving average was 252,250, a decrease of 21,000  from the previous week’s revised average. For the week ending Nov. 13, the U.S. DOL reports the advance seasonally adjusted insured unemployment rate was 1.5%, a decrease 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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