Thursday, July 12, 2012

USA Weekly Unemployment Claims Lowest Since March 2008, NSA Claims Spike HIgher

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U.S. Department of Labor: Unemployment Insurance Weekly Claims Report

What to believe here? Plunging seasonally adjusted weekly claims of 350,000 or spiking not seasonally adjusted weekly claims of 439,743?

In the week ending July 7, the advance figure for seasonally adjusted initial claims was 350,000, a decrease of 26,000 from the previous week's revised figure of 376,000. The 4-week moving average was 376,500, a decrease of 9,750 from the previous week's revised average of 386,250.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending June 30, unchanged from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending June 30 was 3,304,000, a decrease of 14,000 from the preceding week's revised level of 3,318,000. The 4-week moving average was 3,308,500, an increase of 1,250 from the preceding week's revised average of 3,307,250.

Weekly Unemployment Insurance Claims by Week(Seasonally Adjusted)


Weekly Unemployment Insurance Claims by Week (Not Seasonally Adjusted)


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Seeking Alpha