Unemployment Insurance Weekly Claims Report (01/19/2012)

[mahatmakanejeeves]

Source: Employment and Training Administration, Department of Labor

Link: http://www.dol.gov/opa/media/press/eta/ui/eta20120064.htm

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending January 14, the advance figure for seasonally adjusted initial claims was 352,000, a decrease of 50,000 from the previous week's revised figure of 402,000. The 4-week moving average was 379,000, a decrease of 3,500 from the previous week's revised average of 382,500.

The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending January 7, a decrease of 0.2 percentage point from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending January 7, was 3,432,000, a decrease of 215,000 from the preceding week's revised level of 3,647,000. The 4-week moving average was 3,576,250, a decrease of 34,000 from the preceding week's revised average of 3,610,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 521,613 in the week ending January 14, a decrease of 124,606 from the previous week. There were 549,688 initial claims in the comparable week in 2011.

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Good morning, Freepers and DUers alike. It is time once again for the weekly unemployment insurance initial claims report.

Here for your viewing pleasure are this week's data, brought to you as a nonpartisan public service. This is just one example of the good work your civil servants are performing for you.

That word "initial" is important. The report does not count all claims, just the new ones filed this week.

Wow. Huge drop this week - 50,000.

[jpak]

1. The Clap of DOOOOoooooM!!

Let the splainin' away begin

yup

[truthisfreedom]

2. So you're sayin' that 'bama has found jobs??

8^D

[freebrew]

3. Still unemployed...but I no longer count.

I ran out of UI in November, got a nice little note saying something about not qualifying for extended state benefits because of some timing issue.
Also, said that I am in a difficult group(really?) as I'm 60, a non-degreed professional, Mechanical Design Engineer.


ITW is a stain on America's ass. (sorry, had to do that).

[dmallind]

5. What, exactly, do you no longer count as?

You haven't counted as an initial claim since you first initially claimed. That's a one time event reported in weekly buckets.

You certainly do count as unemployed. If you've looked - just once even - in the last 4 weeks you will count in the much-reported U3 rate currently at 8.5%. Your benefits expiring has absolutely nothing whatsoever to do with this.

If you have looked for a job not in the last month but in the last year - again just once even - you will count in the less widely reported but still frequently discussed U6 rate running around 15%. Again your benefits eligibility has bugger all to do with this.

The only real ststistic you DO no longer "count" as is a rate mentioned by almost no-one outside statistics and BLS wonks - the advance seasonally adjusted insured unemployment ratethat is currently IIRC around 2.8% EDIT - woops sorry 2.7% - see OP cite. As far as unemployment goes when was the last time you heard anyone use that figure as a serious measure? That's the ONLY metric you no longer count on, and very very few people know about it - fewer still care.

[Stuart G]

4. very good sign...I hope those who need jobs, get em..nt