Unemployment Insurance Weekly Claims Report (04/14/2011)

[mahatmakanejeeves]

Source: Employment and Training Administration, Department of Labor

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending April 9, the advance figure for seasonally adjusted initial claims was 412,000, an increase of 27,000 from the previous week's revised figure of 385,000. The 4-week moving average was 395,750, an increase of 5,500 from the previous week's revised average of 390,250.

The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending April 2, a decrease of 0.1 percentage point from the prior week's unrevised rate of 3.0 percent.

The advance number for seasonally adjusted insured unemployment during the week ending April 2 was 3,680,000, a decrease of 58,000 from the preceding week's revised level of 3,738,000. The 4-week moving average was 3,728,750, a decrease of 20,750 from the preceding week's revised average of 3,749,500.

Read more: http://www.dol.gov/opa/media/press/eta/ui/eta20110509.htm

[jschurchin]

1. But, But, But.........

What about McDonalds hiring 50K????

[Beacool]

3. The same thing I was thinking.

:7




Why am I laughing?

:-(

[pinqy]

4. How would that affect initial UI claims?

McDonald's hiring would have no effect on people getting laid off and seeking claims. It would only affect people dropping off of continuing claims for a job, and that number is a week behind.

[jschurchin]

6. Hang on there brother

When the March Unemployment figures come out, we will add a Gazilion jobs, the unemployment rate will drop to 3.3% and all will be well.

You watch and see.

[pinqy]

7. Ah, I know this game...

Make a comment that's not really relevant to the topic.
When called on it, instead of admitting the irrelevancy, change the subject to something else, preferably using hyperbole.

Gotcha.

[fasttense]

2. The recovery for the uber rich continues to dribble down on the rest of us.

[xchrom]

5. That was not so good. Nt