Jobless rate (claims) down! (edited)

[ThomWV]

Just announced on Cspan, Jobless CLAIMS, I'm sure there will be more to follow.

Link:http://www.dol.gov/opa/media/press/eta/ui/eta20101170.htm

Text:

In the week ending Aug. 21, the advance figure for seasonally adjusted initial claims was 473,000, a decrease of 31,000 from the previous week's revised figure of 504,000. The 4-week moving average was 486,750, an increase of 3,250 from the previous week's revised average of 483,500.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Aug. 14, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Aug. 14 was 4,456,000, a decrease of 62,000 from the preceding week's revised level of 4,518,000. The 4-week moving average was 4,508,750, a decrease of 28,000 from the preceding week's revised average of 4,536,750."

[Roland99]

1. You mean the weekly jobless claims are down?

Still at 473,000. WAY too high to be seen as anything other than a still-sour indicator.

[marmar]

2. The rate actually edged up.....from 9.5 % to 9.6 %