Jobless Claims Fall Under 800K
In the week ending January 30, seasonally adjusted initial claims were 779,000, a decrease of 33,000 from the previous week’s revised level. (Department of Labor)
- The previous week’s level was revised down to 812,000 from the initial 847,000.
- The unemployment rate, on a seasonally adjusted basis, was 32.%
Across the country, states varied widely on jobless claims.
TOP 5: The states with the largest increases in initial claims for the week were Florida (+23,592), Ohio (+7,002), New York (+4,065), Maryland (+2,450), and Arizona (+1,028)
BOTTOM 5: The states who saw the biggest declines in initial claims for the week were California (-59,016), Kansas (-8,495), Georgia (-7,896), Pennsylvania (-6,341), and Tennessee (-6,016).