August 4, 2022
Economic Information & Analytics Division
Virginia Unemployment Insurance Weekly Initial Claims at 2,363; Retail Trade, Administrative and Support and Waste Management and Health Care and Social Assistance Leading Industries for Claims
~ Seasonally unadjusted weekly initial unemployment insurance claims were essentially unchanged from the previous filing week; remained at near historic lows during that period ~
RICHMOND—The Virginia Employment Commission (VEC) announced that the number of continued claims increased but remained at pre-pandemic levels during the most recent filing week.
For the filing week ending July 30, the figure for seasonally unadjusted initial claims in Virginia was 2,363. The latest claims figure was an increase of 14 claimants from the previous week. Over half of initial claims that had a self-reported industry were in retail trade, administrative and support and waste management, health care and social assistance, manufacturing, professional, scientific and technical services, and accommodation and food services. Eligibility for benefits is determined on a weekly basis, and so not all weekly claims filed result in a benefit payment. This is because the initial claims numbers represent claim applications; claims are then reviewed for eligibility and legitimacy.
For the most recent filing week, continued weeks claimed totaled 11,842, which was an increase of 928 claims from the previous week but was 63% lower than the 31,960 continued claims from the comparable week last year.
In the week ending July 30, the advance U.S. figure for seasonally adjusted initial claims was 260,000, an increase of 6,000 from the previous week's revised level. The advance number of actual initial claims under state programs, unadjusted, totaled 205,587 in the week ending July 30, a decrease of 9,825 (or -4.6 percent) from the previous week. There were 325,715 initial claims in the comparable week in 2021. Looking at preliminary data, the majority of U.S. states reported decreases on a seasonally unadjusted basis. Massachusetts’s preliminary weekly change (-6,934) was the largest decrease. Kentucky’s weekly change (-2,170) was the second largest decrease. Ohio’s preliminary weekly change (-1,801) was the third largest decrease. Michigan’s weekly change (-1,515) was the fourth largest decrease. Virginia’s preliminary weekly change (+205) was the ninth largest increase.