Initial weekly jobless claims fall after mini-surge | Local business news

Initial claims for state unemployment benefits fell by a third last week from totals the previous week, according to a government report released Thursday.

The decline follows a similar sized increase the previous week.

The US Department of Labor reported that 1,691 initial claims for unemployment benefits were filed in the week ending Saturday. The total is 34% lower than the 2,571 claims filed in the week ending May 28.

The decline in first applications follows a 41% increase the previous week.

Meanwhile, continuing claims, those filed after at least a week of unemployment, rose nearly 6%.

Unemployed workers in the state filed 10,782 continuing claims the week ending May 28, up from 10,205 claims filed the previous week.

Other measures of unemployment show the four-week moving average fell from 1,998 in the week ending May 28 to 1,993 the following week.

People also read…

The four-week rolling average of continuing requests has declined for the eighth consecutive year, or more recently, from 10,765 requests in the week ending May 21 to 10,611 requests the following week.

All states bordering Oklahoma except Kansas saw some increase in their initial claims totals from the previous week.

Nationally, seasonally adjusted initial inquiries for the week ending Saturday totaled 229,000, an increase of 27,000 inquiries from the previous seven-day period.

Commenting on the numbers released a week ago, Oklahoma Job Security Commission Executive Director Shelley Zumwalt noted that unemployment filings at the time had declined across all filing categories. .

“Oklahoma continues to stand out as a leader in economic strength and recovery, and we are proud to see claims decline in every reporting category,” Zumwalt said. “Additionally, Oklahoma’s Unemployment Insurance Trust Fund has reached approximately $335 million, making it one of the most stable funds in the country. Our state’s responsible and consistent stewardship of the fund allows the OESC to continue to provide crucial services to Oklahomans.