Employment Trends Continue to Stabilize Across the State
OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) reports that initial claims, continued claims and continued claims’ four-week moving average decreased, while initial claims’ four-week moving average increased slightly for the week ending Oct. 29.
“Oklahoma’s strong economic environment and low unemployment rates are directly attributable to the efforts of the state’s employers. Oklahomans have exceptional work ethic, and the companies leveraging that are directly growing our economy and workforce initiatives,” said Trae Rahill, OESC Executive Director. “We’re proud of our staff at OESC who work closely with these employers to remain committed to our mission – connecting Oklahomans to the workforce through reliable and innovative services for a more prosperous Oklahoma. We will continue to place priority on providing the highest-quality services and resources for both employers and those seeking employment.”
Weekly Unemployment Numbers for Week Ending Oct. 29
- For the file week ending Oct. 29, the number of initial claims, unadjusted, totaled 1,142, a decrease of 133 from the previous week's level of 1,275.
- For the same file week, the less volatile initial claims’ four-week moving average was 1,127, an increase of 28 from the previous week's average of 1,099.
- The unadjusted number of continued claims totaled 9,222, a decrease of 144 from the previous week’s level of 9,366.
- For the same file week, the less volatile continued claims’ four-week moving average was 9,190, a decrease of 19 from the previous week's average of 9,209.
Nationally, the advance figure for seasonally-adjusted initial claims for the week ending Nov. 5 was 225,000, an increase of 7,000 from the previous week's revised level, the U.S. Department of Labor (U.S. DOL) reports. The four-week moving average was 218,750, a decrease of 250 from the previous week's revised average.
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.
