The Department of Labor just released its initial unemployment claims data for last week. We’re number one! Massachusetts ranks first in the nation last week in initial unemployment claims.
States reported 3,600,522 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Feb. 19, a decrease of 52,745 from the prior week. There were 5,527,451 claimants in the comparable week in 2010. EUC weekly claims include first, second, third, and fourth tier activity.
The highest insured unemployment rates in the week ending Feb. 19 were in Alaska (7.0 percent), Idaho (5.2), Montana (5.1), Puerto Rico (5.1), Oregon (5.0), Rhode Island (5.0), Pennsylvania (4.9), Wisconsin (4.9), New Jersey (4.7), and Connecticut (4.6).
The largest increases in initial claims for the week ending Feb. 26 were in Massachusetts (+3,804), Washington (+976), Rhode Island (+776), Connecticut (+682), and Florida (+651), while the largest decreases were in California (-12,730), Illinois (-2,430), Missouri (-2,255), Texas (-1,707), and Tennessee (-1,515).
We’re number one! On the mend and on the move.