Initial weekly unemployment claims for the week ending on February 4, 2012 were 358,000. The DOL reports this as a decrease of 15,000 from last week. The previous week was revised, from 367,000 to 373,000, an increase of 6,000.
Initial weekly unemployment claims for the week ending on January 7th, 2012 were 399,000. The DOL reports this as a increase of 24,000 from last week. The previous week was revised, from 372,000 to 375,000, an increase of 3,000.
Initial weekly unemployment claims for the week ending on December 31st, 2011 were 372,000. The DOL reports this as a decrease of 15,000 from last week. The previous report, two weeks ago due to the holiday, was revised, from 387,000 from 381,000, an increase of 6,000. Initial unemployment claims are well below the magic 400,000 number, which indicates any job growth.
Initial weekly unemployment claims for the week ending on December 10th, 2011 were 366,000. The DOL reports this as a decrease of 19,000 from last week. The previous week was revised, from 381,000 to 385,000, an increase of 4,000. The week of May 31st, 2008, initial unemployment claims were 365,000, which makes today's initial claims a 3 and a half year low.
Initial weekly unemployment claims for the week ending on December 3rd, 2011 were 381,000. The DOL reports this as a decrease of 23,000 from last week. The previous week was revised, from 402,000 to 404,000, an increase of 2,000. Initial unemployment claims are breaking the magic 400,000 number and this week makes a 10 month low.
Initial weekly unemployment claims for the week ending on November 5th, 2011 were 390,000. The DOL reports this as a decrease of 10,000 from the last week. The previous week was revised, from 397,000 to 400,000, an increase of 3,000. Still, initial unemployment claims are breaking 400,000 and this is a 7 month low.
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.
The media and stock market are insane. This is why. Today, AP reported the stock market, seemingly on a daily 500 point roller coaster, increased due to initial weekly unemployment claims. Don't they realize every week, the previous week is almost always revised upward?
Initial weekly unemployment claims decreased to 398,000, the first time initial claims has dropped below 400,000 since April. That said, last week was revised up from 418,000 to 422,000. The 4 week moving average is 413,750, but declined 8,500 from last week's 422,250. A weekly average above 400,000 does not indicate job growth.
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