Thursday, October 11, 2012

USA Weekly Unemployment Claims: Statistical Quirk Causes 4-Year Low

♦♦♦

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

The latest weekly USA Federal Government propaganda and disinformation! Not all quarter-end unemployment reapplications were counted in one large state, possibly New York. As a result, this was the lowest claims since February 2008.

In the week ending October 6, the advance figure for seasonally adjusted initial claims was 339,000, a decrease of 30,000 from the previous week's revised figure of 369,000. The 4-week moving average was 364,000, a decrease of 11,500 from the previous week's revised average of 375,500.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending September 29, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 29 was 3,273,000, a decrease of 15,000 from the preceding week's revised level of 3,288,000. The 4-week moving average was 3,279,250, a decrease of 7,750 from the preceding week's revised average of 3,287,000.

Weekly Unemployment Insurance Claims by Week (Seasonally Adjusted)


Weekly Unemployment Insurance Claims by Week (Not Seasonally Adjusted)


♦♦♦

Seeking Alpha