Unemployment Insurance Weekly Claims Report (02/02/2012)

[mahatmakanejeeves]

In the week ending January 28, the advance figure for seasonally adjusted initial claims was 367,000, a decrease of 12,000 from the previous week's revised figure of 379,000. The 4-week moving average was 375,750, a decrease of 2,000 from the previous week's revised average of 377,750.

The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending January 21, a decrease of 0.1 percentage point from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending January 21, was 3,437,000, a decrease of 130,000 from the preceding week's revised level of 3,567,000. The 4-week moving average was 3,527,500, a decrease of 43,000 from the preceding week's revised average of 3,570,500.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 415,094 in the week ending January 28, a decrease of 1,786 from the previous week. There were 464,775 initial claims in the comparable week in 2011.

Source: Employment and Training Administration, Department of Labor

Link: http://www.dol.gov/opa/media/press/eta/ui/eta20120181.htm

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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.

[dipsydoodle]

1. U.S. jobless claims fall to 367,000 in latest week

(Reuters) - New U.S. claims for unemployment benefits fell last week, a government report showed on Thursday, pointing to more healing in the nation's battered jobs market.

Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 367,000, the Labor Department said. The prior week's figure was revised up to 379,000 from the previously reported 377,000.

Economists polled by Reuters had forecast claims falling to 375,000. Claims have been lower than 400,000 for eight of the last 10 weeks, holding below a level associated with labor market healing.

The four-week moving average for initial claims, a trend measure that smooths out volatility, fell 2,000 to 375,750.

A Labor Department official said there was nothing unusual in the state-level data and that no state had been estimated.

http://www.reuters.com/article/2012/02/02/us-usa-economy-idUSTRE7BM0AB20120202

[jpak]

2. The Clap of DOOOOOOOM!!!111

I blame Obama!

yup