Continued Claims Four-Week Moving Average Declines for Seventh Consecutive Week
Unemployment Claims Remain Steady or Continue to Decline
OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) reports that initial claims numbers remain steady, while continued claims and both four-week moving averages continue to decline.
“We are thrilled to see that the unemployment numbers are continuing to decline in our state,” said Shelley Zumwalt, OESC Executive Director. “Seven weeks of continued decline for three reporting categories demonstrates the progress Oklahomans have made finding jobs and strengthening our state's workforce. Initial claims remained relatively flat for the filing week ending Sept. 4.”
Weekly Unemployment Numbers for Week Ending Sept. 4
- For the file week ending Sept. 4, the number of initial claims totaled 2,680, an increase of four from the previous week's level of 2,676.
- For the same file week, the less volatile initial claims four-week moving average was 3,122, a decrease of 290 from the previous week's average of 3,412.
- The number of continued claims totaled 23,879, a decrease of 1,396 from the previous week’s level of 25,275.
- Continued claims’ four-week moving average was 26,512, a decrease of 1,557 from the previous week's average of 28,069.
Nationally, the advance figure for seasonally adjusted initial claims for the week ending Sept. 11 was 332,000, an increase of 20,000 from the previous week's revised level, the U.S. Department of Labor reports. The four-week moving average was 335,750, a decrease of 4,250 from the previous week’s revised average. For the week ending Sept. 4, U.S. DOL reports the advance seasonally adjusted insured unemployment rate was 1.9 %, a decrease from the previous week's revised 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.