Unemployment Insurance Weekly Claims Report (07/14/2011)

[mahatmakanejeeves]

Source: Employment and Training Administration, Department of Labor

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

Special Factor: Minnesota has indicated that approximately 11,500 of their reported initial claims are a result of state employees filing due to the state government shutdown.

SEASONALLY ADJUSTED DATA

In the week ending July 9, the advance figure for seasonally adjusted initial claims was 405,000, a decrease of 22,000 from the previous week's revised figure of 427,000. The 4-week moving average was 423,250, a decrease of 3,750 from the previous week's revised average of 427,000.

The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending July 2, unchanged from the prior week's revised rate of 3.0 percent.

The advance number for seasonally adjusted insured unemployment during the week ending July 2 was 3,727,000, an increase of 15,000 from the preceding week's revised level of 3,712,000. The 4-week moving average was 3,719,250, a increase of 6,250 from the preceding week's revised average of 3,713,000.

Read more: http://www.dol.gov/opa/media/press/eta/ui/eta20111066.htm

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Without the MN shutdown, I figure the decrease would have been 33,500.

[jpak]

1. That would have put it below 400K for the first time in a long time

yup

[jschurchin]

2. Unadjusted number came in a little

Higher at 472,000. Don't kid yourself, the employment picture still sucks.