Jobless claims rise to 350,000 in latest week from revised 330,000 last wk

[papau]

http://www.dol.gov/opa/media/press/eta/ui/current.htm
October 28, 2004 UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Oct. 23, the advance figure for seasonally adjusted initial claims was 350,000, an increase of 20,000 from the previous week's revised figure of 330,000. The 4-week moving average was 343,250, a decrease of 5,500 from the previous week's revised average of 348,750.

The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending Oct. 16, unchanged from the prior week's unrevised rate of 2.2 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Oct. 16 was 2,823,000, an increase of 38,000 from the preceding week's revised level of 2,785,000. The 4-week moving average was 2,817,750, a decrease of 10,500 from the preceding week's revised average of 2,828,250.


UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 317,712 in the week ending Oct. 23, an increase of 38,123 from the previous week. There were 352,117 initial claims in the comparable week in 2003.

The advance unadjusted insured unemployment rate was 1.9 percent during the week ending Oct. 16, an increase of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,404,902, an increase of 115,610 from the preceding week. A year earlier, the rate was 2.4 percent and the volume was 2,989,662.

http://story.news.yahoo.com/news?tmpl=story&cid=530&ncid=530&e=3&u=/ap/20041028/ap_on_bi_go_ec_fi/economy

Unemployment Claims Jump by 20,000

By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON - The number of Americans filing new claims for unemployment benefits rose last week by 20,000, the largest jump in a month, the Labor Department reported Thursday.

The bigger-than-expected increase pushed total new claims to 350,000 last week and provided fresh evidence that the labor market is still under pressure even though the economic recovery is about to celebrate its third anniversary.

The increase of 20,000 was sharply higher than the 6,000 gain that many private economists had been expecting and was the biggest one-week rise since a jump of 21,000 claims in the week of Sept. 25. <snip>


http://quote.bloomberg.com/apps/news?pid=10000103&sid=aNQNaEpHLfNI&refer=news_index

U.S. Initial Jobless Claims Seen Rising to 335,000, Survey Says
Oct. 28 (Bloomberg) -- The number of U.S. workers filing initial claims for unemployment insurance may have risen last week from the lowest level since early September, according to a survey of economists ahead of today's government report


http://quote.bloomberg.com/apps/news?pid=10000103&refer=news_index&sid=aUo176hi1bS0

U.S. Initial Jobless Rose by 20,000 to 350,000 Last Week
Oct. 28 (Bloomberg) -- The number of U.S. workers filing first-time claims for unemployment insurance rose more than expected to 350,000 last week, a government report showed. <snip>

Kemet, whose electronic parts are used in mobile phones and hand-held computers, said Oct. 25 it will cut about 10 percent of its workforce, or about 820 employees. The Simpsonville, South Carolina, company had a wider-than-expected loss of $7.47 million, or 9 cents a share, in the quarter that ended Sept. 30.

Culp Inc., based in High Point, North Carolina, said yesterday it will cut 250 jobs and close a plant in Pageland, South Carolina, that makes fabrics for mattresses and furniture upholstery. The jobs represent about 14 percent of those in the company's upholstery fabrics business.

Layoffs involving 50 or more workers totaled 11,725 from January through September, resulting in 1.2 million initial jobless claims, the Labor Department reported last week. <snip>

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20041028/bs_nm/economy_jobless_dc

Jobless Claims Up More Than Expected

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits jumped 20,000 last week, the government said on Thursday in a report that continues to be somewhat elevated by hurricane-related claims. <snip>

[napi21]

1. Has Shrub gotten ANY good news in the last 2-3 weeks?

I can't believe it! Every time I hear ANY report, it's been bad!

Jobs, the market, oil prices, Iraq, WH asking for more $70 Billion more for Iraq, soldiers scheduled to come home delayed and new replacements to go sooner. The list just keeps going day after day!

Now this jobless claims # that used to always get revised downward is revised up.

Shrub must be crying himself to sleep every night!!!

[lil-petunia]

2. yes, the week is almost over. that's great news.

Of course, living in a SS bubble, with not a contrary word to be heard, he knows nothing of this. Nothing at all.

[durablend]

4. You're too negative!

"This means there's more people out looking for work in this outstanding economy...things couldn't be better"

Now where'd I put that deed to the Brookyln Bridge? :eyes:

[Tandalayo_Scheisskopf]

3. No, he hasn't.

Why should he? If there is a deity, all these bad reports would be causing him to wake up screaming, too.

I am ashamed for saying this, but I hope he does. Because of him, a lot of other people aren't sleeping too.

[snippy]

5. Bush probably will get fairly good news on the advance GDP number for

the third quarter. It is released tomorrow morning and is expected to show 4.3% annualized growth. Republicans will hammer on that number all weekend. Kerry needs to have the democratic response ready to go.

[papau]

7. It was "expected to show 4.3%" for 2 months now! :-)

The GOP have found the key

Lie - and never pay the price in the media - and therefore never in the polls.

The GDP lie dejure is that damn "D" in GDP - Gov spending overseas to overseas subs of US companies is not a economic activity maker or job maker for the folks in the US - It is not "D" - domestic.

But the game goes on.

[mhr]

6. Unemployed 53 Months, Over 2,500 Resumes Out The Door

Bread Crumbs About Gone.

Reused Tea Bags All But Useless.

Socks All Holed.

Shoe Heels Worn To A Nub.

Seeing Shrub Take The Bullet Tuesday ---

PRICELESS!

[David Zephyr]

8. Kick.

[Zorra]

9. Seasonally adjusted revised figures. *snarf* Everything the Bu$h

administration says and does is a spun lie.