Unemployment Insurance Weekly Claims Report (02/16/2012)

[mahatmakanejeeves]

Source: Employment and Training Administration, Department of Labor

Link: http://www.dol.gov/opa/media/press/eta/ui/eta20120296.htm

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending February 11, the advance figure for seasonally adjusted initial claims was 348,000, a decrease of 13,000 from the previous week's revised figure of 361,000. The 4-week moving average was 365,250, a decrease of 1,750 from the previous week's revised average of 367,000.

The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending February 4, a decrease of 0.1 percentage point from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending February 4, was 3,426,000, a decrease of 100,000 from the preceding week's revised level of 3,526,000. The 4-week moving average was 3,492,500, a decrease of 8,250 from the preceding week's revised average of 3,500,750.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 361,928 in the week ending February 11, a decrease of 39,328 from the previous week. There were 424,400 initial claims in the comparable week in 2011.

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Good morning, Freepers and DUers alike. It is time once again for the weekly unemployment insurance initial claims report.

Here for your viewing pleasure are this week's data, brought to you as a nonpartisan public service. This is just one example of the good work your civil servants are performing for you.

That word "initial" is important. The report does not count all claims, just the new ones filed this week.

Another decrease.

[CAPHAVOC]

1. Quick! Buy some mutual funds.

[JNelson6563]

3. I like how the adjusted numbers show additional decreases

During the Bush years 99% of the time the adjustments always showed higher unemployment than first reported.

Julie

[fasttense]

4. I'm surprised people still have any unemployment benefit remaining.

There is a max limit on how much unemployment you can get. Even when you go back to work, you have to gradually build up your benefits by quarter.

[pinqy]

5. The report is Initial claims

and since every week a few thousand more people file, the existing claims still exist....though those are going down as well as people either exhaust their benefits or find a job.