Initial unemployment claims declined during the week of March 13, one week after rates continued to remain stable and show signs of improvement, according to the U.S. Department of Labor.
The DOL’s latest Unemployment Insurance Weekly Claims Report released Thursday found that initial unemployment claims declined by 5,000 during the week ending March 13 compared to the previous week’s revised figures as it hit 457,000.
The survey also found that, during the week ending March 6, the advance seasonally adjusted insured unemployment rate remained stable yet again as it was unchanged at 3.5 percent. Accordingly, the advance number for seasonally adjusted insured unemployment for the week only saw a minor increase of 12,000 to raise the overall figure to 4.579 million people.
Four states had decreases of more than 1,000 initial claims for the week, with New York’s decrease of 10,929 leading the way due to fewer layoffs in the transportation and service industries.
Five states had increases of 1,000 or more initial unemployment claims, with North Carolina riding increased layoffs in many industries – including construction, service, and transportation equipment – to an increase of 5,100 claims.