The DOL reported Initial weekly unemployment claims for the week ending on January 12th, 2013 were 335,000, a 37,000 drop from the previous week of 372,000. Last week's initial claims were originally reported to be 371,000, a 1,000 upward revision.
The DOL reported Initial weekly unemployment claims for the week ending on November 17th, 2012 were 410,000, a 41,000 drop from the previous week of 451,000. Superstorm Sandy's devastating effects can be seen in state not seasonally adjusted claims for the week of November 10th.
The DOL reported Initial weekly unemployment claims for the week ending on October 20th, 2012 were 369,000, a 23,000 drop from the previous week of 392,000. Last week's initial claims were originally reported to be 388,000, a 4,000 upward revision.
Everybody is all up in arms because the weekly initial claims data was released 15 hours early. Yup, folks, people trade on this report and it's a classic example of herd behavior.
Initial weekly unemployment claims for the week ending on May 19th, 2012 were 370,000. The DOL reports this as a decrease of 2,000 from last week, yet last week's initial claims were revised up, from 370,000 to 372,000. In essence, initial claims for unemployment insurance are stagnating, not declining as needed, as seen in the below chart.
Initial weekly unemployment claims for the week ending on April 14th, 2012 were 386,000. The DOL reports this as a decrease of 2,000 from last week. The previous week was revised, from 380,000 to 388,000, an increase of 8,000. This is not good news for any recovery.
Initial weekly unemployment claims for the week ending on March 17th, 2012 were 348,000. The DOL reports this as a decrease of 5,000 from last week. The previous week was revised, from 351,000 to 353,000, an increase of 2,000. This is the lowest number of people filing for unemployment reported in four years, March 2008.
Initial weekly unemployment claims for the week ending on March 10th, 2012 were 351,000. The DOL reports this as a decrease of 14,000 from last week. The previous week was revised, from 362,000 to 365,000, an increase of 3,000. This is the lowest number of people filing for unemployment reported in four years, March 2008.
Initial weekly unemployment claims for the week ending on September 17th, 2011 were 423,000. The DOL reports this as a decrease of 9,000 from the previous week. But the previous week was revised, from 428,000 to 432,000, an increase of 4,000.
Initial weekly unemployment claims for week of August 20th were 417,000, an increase of 5,000. The previous week was revised up 4,000, from 408,000 to 412,000.
Recent comments