ETA News Release: Unemployment Insurance Weekly Claims Report (04/05/2012)

[mahatmakanejeeves]

Source: Department of Labor, Employment and Training Admin

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending March 31, the advance figure for seasonally adjusted initial claims was 357,000, a decrease of 6,000 from the previous week's revised figure of 363,000. The 4-week moving average was 361,750, a decrease of 4,250 from the previous week's revised average of 366,000.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending March 24, unchanged from the prior week's unrevised rate of 2.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending March 24 was 3,338,000, a decrease of 16,000 from the preceding week's revised level of 3,354,000. The 4-week moving average was 3,367,250, a decrease of 24,500 from the preceding week's revised average of 3,391,750.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 311,339 in the week ending March 31, a decrease of 12,054 from the previous week. There were 353,817 initial claims in the comparable week in 2011.

Read more: http://www.dol.gov/opa/media/press/eta/ui/eta20120617.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.

The number is down by 6,000 this week.

Note: The seasonal adjustment factors used for the UI Weekly Claims data from 2007 forward, along with the resulting seasonally adjusted values for initial claims and continuing claims, have been revised. These revised historical values, as well as the seasonal adjustment factors that will be used through calendar year 2012, can be accessed at the bottom of the following link: http://www.oui.doleta.gov/press/2012/032911.asp

That was a bad link last week. Try:

http://www.oui.doleta.gov/unemploy/finance.asp

[jschurchin]

1. Not really.

The number is down 2k from last week. But then again, next week this weeks numbers will be revised higher like every week.
The BLS is a fucking joke. Every week, and I mean every week, The initial is revised higher. When the monthly is released jobs report is released x amount of people leave the workforce to achieve a unemployment figure that "beats" the forecast. Its a fucking joke.

[mathematic]

3. Average revision for BLS monthly jobs report is UP

UP! Not down. Initial BLS estimates have underestimated non-seasonally adjusted new jobs on an annual basis since 2004. How is that consistent with your conspiracy theory? In fact, how does that not outright contradict your conspiracy theory?

Last year mean, non-seasonally adjusted final revision was 16k jobs per month more than mean, non-seasonally initial estimate.

http://bls.gov/web/empsit/cesnaicsrev.htm

(Also, for the sake of accuracy, this weekly report is released by the department of labor not the BLS, like you claim.)

[jpak]

4. These are the lowest number of new unemployment claims in 4 years - teh horrah! More Obama lies!

[pinqy]

6. This isn't a BLS report

The UI claims report is issued by the Employment and Training Administration...BLS has nothing to do with it and it's not used for the monthly Employment Situation.

Yes, every week it's revised higher. There's a reason. Today's report was for claims made between March 26 and March 31. That means there were 3 days to collect all the numbers from the states, add them up, apply seasonal adjustment, and write the report. The state reports aren't always complete..usually not complete. Some months some states don't report at all and their numbers have to be imputed. So they're usually going to be a little short. Nothing ominous about that.

And since BLS doesn't make any forecasts about the Unemployment rate, and since it rarely matches forecasts made by anyone else, and since for Feb people JOINED the Labor Force, keeping the rate the same instead of going lower, your arguments make zero sense. How are you even supposing BLS controls the number of people leaving or joining the Labor Force?

[jschurchin]

2. Here is my prediction for tomorrow

Unemployment will fall to 6.2% as 245,000 jobs were added and 2.3 million Americans gave up. Woohoo!!!!!
And a whole bunch of my fellow democrats will say what i horrible person I am. How Im a repuke, faux news watcher, piece of shit because i call bullshit on a bunch of government bullshit.
Oh well, so be it. When our government continues to issue bullshit, no matter the ruling party, I will continue to point it out.

[jpak]

5. What a horrible person you are.

I long for the days in 2009 when jobs losses were 800,000 a month.

Thank you for pointing out the Evil Gummint Conspiracy.

yup

[dmallind]

7. You're none of those terrible things.

You are merely wrong, woefully uninformed and absurdly confident in your opinion despite, or rather likely because of, both.

[mikekohr]

10. Yep

[pinqy]

8. I have to wonder...

What you're going to say if the UE rate goes UP because more people joined the labor force. That's been the trend...it's gone up the last 2 months and 8 of the last 12.

[mac56]

9. Good for you.

Keep pointing it out. Don't ever stop. Especially at the next party you attend.