Thursday, July 19, 2012

Weekly Unemployment Claims: NSA Spike to 26-Week High

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

What to believe here? Seasonally adjusted weekly claims of 386,000 or spiking not seasonally adjusted weekly claims of 452,960?

In the week ending July 14, the advance figure for seasonally adjusted initial claims was 386,000, an increase of 34,000 from the previous week's revised figure of 352,000. The 4-week moving average was 375,500, a decrease of 1,500 from the previous week's revised average of 377,000.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending July 7, unchanged from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending July 7 was 3,314,000, an increase of 1,000 from the preceding week's revised level of 3,313,000. The 4-week moving average was 3,311,750, an increase of 1,000 from the preceding week's revised average of 3,310,750.

Weekly Unemployment Insurance Claims by Week(Seasonally Adjusted)


Weekly Unemployment Insurance Claims by Week (Not Seasonally Adjusted)


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Seeking Alpha