Thursday, November 15, 2012

USA Weekly Unemployment Claims Spike to 80-Week High!

♦♦♦

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

Unemployment claims of 439,000 (seasonally adjusted) are highest since the week ended April 30, 2011 (464,000) and attributable to Hurricane Sandy.

In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week's revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week's revised average of 372,000.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending November 3, an increase of 0.1 percentage point from the prior week's revised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 3 was 3,334,000, an increase of 171,000 from the preceding week's revised level of 3,163,000. The 4-week moving average was 3,254,500, an increase of 17,750 from the preceding week's revised average of 3,236,750.

Weekly Unemployment Insurance Claims by Week (Seasonally Adjusted)


Weekly Unemployment Insurance Claims by Week (Not Seasonally Adjusted)


♦♦♦

Seeking Alpha