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April , 2009
The number of people filling new unemployment claims rose to the highest level in more than 25 years in the week ending March 28.
Seasonally adjusted initial claims was 669,000 nationally for the week, an increase of 12,000 from the previous week’s revised figure of 657,000, according to figures released Thursday by the U.S. Labor Department.
The four-week moving average was 656,750, an increase of 6,500 from the previous week’s revised average of 650,250.
State data released for the week ending March 21 showed Tennessee had 11,307 new jobless claims, down 2,707 from the week earlier, but 6,548 higher than a year earlier.
The four-week moving average of those collecting unemployment benefits in Tennessee has risen to 116,868. In February, the state had a total unemployment rate of 9.1 percent, with a seasonally adjusted 12.5 million unemployed people in the state. The national unemployment rate for February was 8.4 percent.
The seasonally adjusted insured unemployment rate — the percentage of the workforce collecting unemployment benefits — was 4.3 percent for the week ending March 21, an increase of 0.1 percentage point from the prior week.
The number of seasonally adjusted insured unemployed during the week was 5,728,000, an increase of 161,000 from the preceding week's revised level of 5,567,000. The 4-week moving average was 5,496,500, an increase of 163,500 from the preceding week's revised average of 5,333,000.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.7 million.
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