OKLAHOMA CITY – The Oklahoma Employment Security Commission (OESC) reports that unemployment claims decreased across all reporting categories for the week ending Aug. 27.
“Seeing decreases in unemployment claims in multiple categories for consecutive weeks is an indication that workforce efforts OESC has been championing are showing promise,” said Shelley Zumwalt, OESC Executive Director. “We recognize that weekly numbers continue to fluctuate at this time and will monitor these variations to understand what larger trends are impacting the overall economy. OESC remains committed to providing resources and support for all Oklahomans seeking employment, such as our job fair and hiring event calendar. This resource is available on our website to help job seekers find upcoming events where they can connect with local employers that are hiring.”
Weekly Unemployment Numbers for Week Ending Aug. 27
- For the file week ending August 27, the number of initial claims, unadjusted, totaled 1,542, a decrease of 1,260 from the previous week's level of 2,802.
- For the same file week, the less volatile initial claims’ four-week moving average was 2,719, a decrease of 484 from the previous week's average of 3,203.
- The unadjusted number of continued claims totaled 10,301, a decrease of 550 from the previous week’s level of 10,851.
- For the same file week, the less volatile continued claims’ four-week moving average was 10,947, a decrease of 289 from the previous week's average of 11,236.
Nationally, the advance figure for seasonally-adjusted initial claims for the week ending Sept. 3 was 222,000, a decrease of 6,000 from the previous week's revised level, the U.S. Department of Labor (U.S. DOL) reports. The four-week moving average was 233,000, a decrease of 7,500 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.
