Recently, counties across the state reported the final week of initial weekly unemployment insurance (UI) claims for the third-quarter of 2013. Weekly UI claims are used as an input variable to determine the monthly unemployment rate. The raw data can also be used as a quick evaluation tool to illuminate business cycle trends and labor market developments.
Click graph to enlarge The data show that the three counties in the Bear River Economic Service Area (ESA) – Box Elder, Cache, and Rich – averaged the lowest number of quarterly UI claims in five years. On average, just over 60 UI claims were filed each week in the ESA during the third-quarter, compare that to 129 per week in 2010. The current rate of UI claims is approximately 10 more per week than in the third quarter of 2007. The relative majority of UI claims in Bear River came from workers no longer employed in the construction, manufacturing, and administrative and support industries.
- Box Elder County: Averaged 27 initial weekly UI claims in the third-quarter 2013
- 39 percent decrease from the third-quarter 2010
- 25 percent increase from the third-quarter 2007
- Cache County: Averaged 36 initial weekly UI claims in the third-quarter 2013
- 54 percent decrease from the third-quarter 2010
- 30 percent increase from the third-quarter 2007
- Rich County: Averaged less than 1 initial weekly UI claims in the third-quarter 2013
- 72 percent decrease from the third-quarter 2010
- 0 percent increase from the third-quarter 2007
Click on graphs to enlarge
