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Continued Claims Four-week Moving Average Declines for 13th Consecutive Week

Thursday, October 28, 2021

Oklahoma’s unemployment rate falls to 3% in September

OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) reports that initial and continued claims declined, with the continued claims’ four-week moving average also declining for the week ending Oct. 16. Also for the week, the agency reports a slight increase in the initial claims’ four-week moving average. 

“Oklahoma is continuing to see economic growth and recovery with the unemployment rate at pre-pandemic levels and more than 13,000 jobs added in the month of September,” said Shelley Zumwalt, OESC Executive Director. “Our state leaders and the administration have made wise decisions that have ultimately driven this recovery, positioning Oklahoma as one of the top states in the nation. We are extremely pleased that our unemployment rate reached 3% in September, which is seventh in the nation.”

Weekly Unemployment Numbers for Week Ending Oct. 16

  • For the file week ending Oct. 16, the number of initial claims, unadjusted, totaled 2,186, a decrease of 257 from the previous week's level of 2,443. 
  • For the same file week, the less volatile initial claims four-week moving average was 2,258, an increase of four from the previous week's average of 2,254.
  • The number of continued claims totaled 16,727, a decrease of 865 from the previous week’s level of 17,592.
  • Continued claims’ four-week moving average was 18,060, a decrease of 1,148 from the previous week's average of 19,208.

Nationally, the advance figure for seasonally adjusted initial claims for the week ending Oct. 23 was 281,000, a decrease of 10,000 from the previous week's revised level, the U.S. Department of Labor (U.S. DOL) reports. The four-week moving average was 299,250, a decrease of 20,750 from the previous week’s revised average. For the week ending Oct. 16, the U.S. DOL reports the advance seasonally adjusted insured unemployment rate was 1.7%, 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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