Initial Unemployment Claims
Preliminary initial unemployment claims for the week ended October 9th were 53,400, which is up 8,526 claims, or +19%, from the revised initial unemployment claims number of 44,874 for the previous week, ending October 2nd.
This is the largest uptick in initial claims since July 11th, a reversal of a steadily declining pattern. Overall, claims have been steadily declining since May 9th, but the decline appears to be slowing down over the past several weeks.
The highest weekly claims were filed the week ended April 4th, at 390,130. Just three weeks earlier, claims were at 5,447 for the week ended March 14th.
Preliminary insured unemployment for the week ended October 2nd was at 410,739. This is down 34,300 from the previous week’s revised insured unemployment number of 445,039 for the week ended September 25th, an 8% decrease.
Insured unemployment is also referred to as continued claims, which occur when an individual has already previously filed an initial claim, experienced another week of unemployment, and is now filing a continued claim to claim benefits for that week of unemployment.
Most Improved Industries this Week
The industries in Georgia are said to improving when they see declines in initial unemployment claims since last week. The following are the most improved since last week:
- Health Care and Social Assistance: 5 less new claims. This was the only industry to see a decline in initial unemployment claims since last week.
Most Declining Industries this Week
The industries with the largest increases in weekly initial unemployment claims are said to be declining. The following are the most declined since last week:
- Transportation and Warehousing: 1,598 more new claims, 88% increase since last week
- Manufacturing: 1,853 more new claims, 52% increase since last week
- Administrative and Support and Waste Management and Remediation Services: 1,321 more new claims, 28% increase since last week