newsAs reported by the U.S. Bureau of Labor Statistics, initial unemployment insurance claims under all state programs for the week ending March 10 numbered 351,000, 14,000 claims less than the prior week and nearly 5,000 claims less over the prior four-week period. During the week ending March 3, the insured unemployment rate was 2.6 percent while the overall number of people claiming benefits was 3,343,000, down 81,000 claimants from the previous week. The four-week moving average was 3,394,250. The advanced number of individuals claiming benefits from any state unemployment benefit program for the week ending March 3 was 3,841,622, a decrease of 147,268 claims over the week.

Former federal civilian employees initiated 1,302 initial unemployment benefits claims for the week ending March 3, a rise of nearly 166 from a week earlier. Initial claims by newly discharged vets increased to 2,713, up by 427 claims over the previous week. In total, there were 27,457 former federal civilian employees receiving unemployment benefits for the week ending February 25, a 307 claims increase over the week. Total claims for newly discharged veterans rose slightly to 42,049 claims, up 455 from the previous week.

Nationwide, 2,875,795 people claimed Emergency Unemployment Compensation for the week ending February 25, down 53,415 claims over the week and down over 650,000 claims over the year. The states with the highest rates of unemployment for the week ending February 25 include: Alaska (6.2 percent), Rhode Island (5 percent), Pennsylvania (4.8 percent), Montana (4.6 percent), and Idaho, New Jersey, Oregon, and Wisconsin (each at 4.4 percent). The states reporting the greatest increase in initial claims for the week ending March 3 include: New York (+16,478 claims), California (+4,320 claims), Pennsylvania (+2,859 claims), Texas (+2,116 claims), and Virginia (+1,554 claims).

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