State unemployment claims decline | Local business news

The number of first jobless claims filed last week in Oklahoma fell slightly from the previous seven-day period, according to a government report.

The US Department of Labor reported that 1,861 initial claims for unemployment benefits were filed in the week ending Saturday. The previous week saw 1,845 initial upward-adjusted claims filed for a 0.86% drop week-over-week.

If the number of 1,861 claims is revised upwards by more than 16 next week, as is usually the case, it will mean that weekly initial claims have risen for four consecutive weeks after hitting a low in the last week of February. to 1,439 complaints.

Meanwhile, continuing claims, those filed after a week of unemployment, fell 10%, from 11,847 claims in the week ending March 5 to 10,631 claims in the week ending March 12.

Other job application measures were mixed.

The four-week rolling average of initial inquiries rose for the third consecutive week, from 1,614 inquiries in the week ending March 12 to 1,675 inquiries in the week ending Friday.

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The four-week rolling average for continuing claims fell for the eighth consecutive week, from 12,072 claims in the week ending March 5 to 11,603 claims in the week ending March 12.

The four-week rolling average of 11,603 continuing claims is the lowest since the week ending October 20, 2018.

“Oklahoma’s unemployment numbers remain better than pre-pandemic levels, which is a great indicator of the strength of our state’s economy,” said Shelley Zumwalt, executive director of Oklahoma Employment. Security Commission, in a press release. “As Oklahoma continues to experience record workforce participation with more than 1.8 million Oklahomans employed, OESC remains focused on providing programs to support those seeking employment and opportunities. employers.”

Nationally, initial claims fell by 28,000 to 187,000 for the week ending Saturday, according to seasonally adjusted figures.

This is the lowest level of initial claims since September 6, 1969, when it was 182,000, according to the US Department of Labor.

Likewise, the number of continuing or insured claims fell from 67,000 to 1,350,000, a level not seen since Jan. 3, 1970, according to the Labor Department.