After several weeks of increases, initial unemployment claims finally decreased last week. However, recent data from the U.S. Department of Labor has shown a different direction, as once again claims are climbing upward.

Even so, the week-over-week increase isn't drastic. According to the DOL, the advance figure for seasonally adjusted initial claims reached 293,000 for the week ending Sept. 20, up 12,000 claims from last week's revised figure of 281,000. The four-week moving average, on the other hand, decreased during this time, down from 299,750 to 298,500. While no special factors were related to these changes, it appears that the surge is likely just the natural ebb and flow of unemployment insurance.

In addition to claims totals, the DOL reported that the advance seasonally adjusted insured unemployment rate was 1.8 percent for the seven-day period ending Sept. 13. The advance figure for seasonally adjusted insured unemployment that week was slightly more than 2.4 million, a small increase from the previous reading. On a state-by-state basis, the highest insured jobless rates were found in New Jersey at 3 percent, Alaska at 2.9 percent and Connecticut at 2.5 percent.

Overall unemployment rates hold steady
On a larger scale, the overall jobless rates for both the country as a whole and individual states have been relatively steady on a monthly basis, according to the U.S. Bureau of Labor Statistics.

The BLS reported that only 24 states had an unemployment rate increase from July to August, with 15 actually noting decreases while the remaining 11 had no change at all. Washington, D.C. also had a rate hike during this time. The national rate was at 6.1 percent in August, 1.1 percent lower than the same time in 2013.

While few significant changes were reported for jobless rates, there were some gains felt in the number of nonfarm payroll employment this summer. In August, the largest increases compared to July were in California, with more than 44,000 jobs gained, and Florida, with an increase of 22,700. On the other hand, a decrease of 9,500 was experienced in Michigan, followed by a drop of 5,400 in Arizona.

Juggling tax rates and difficult employees can become challenging at your company. Here at Corporate Cost Control, we understand these problems and are well-positioned to help. Our extensive background in cost control and human resources will allow you to better manage your unemployment insurance expenses.


Contact CCC to see how we can save your organization time and money.
Contact our Sales Team
(800) 207-6926

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