Claims Numbers Decrease in Three of Four Reporting Categories
OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) reports that continued claims, continued claims’ four-week moving average and initial claims’ four-week moving average decreased, while initial claims increased slightly for the week ending Oct. 8.
“We remain encouraged that unemployment claims numbers continue to stabilize. The hard work of our staff at OESC to collaborate with local employers is connecting Oklahomans to the workforce and helping to strengthen our economy,” said Trae Rahill, OESC Chief of Staff. “As our agency and partners continue working together, Oklahoma businesses and individuals will have access to high quality resources, services and support.”
Weekly Unemployment Numbers for Week Ending Oct. 8
- For the file week ending Oct. 8, the number of initial claims, unadjusted, totaled 1,076, an increase of 45 from the previous week's level of 1,031.
- For the same file week, the less volatile initial claims’ four-week moving average was 1,140, a decrease of 168 from the previous week's average of 1,308.
- The unadjusted number of continued claims totaled 9,055, a decrease of 243 from the previous week’s level of 9,298.
- For the same file week, the less volatile continued claims’ four-week moving average was 9,307, a decrease of 223 from the previous week's average of 9,530.
Nationally, the advance figure for seasonally-adjusted initial claims for the week ending Oct. 15 was 214,000, a decrease of 12,000 from the previous week's revised level, the U.S. Department of Labor (U.S. DOL) reports. The four-week moving average was 212,250, an increase of 1,250 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.
