Unemployment Insurance Weekly Claims Report (02/09/2012)
Source: Employment and Training Administration, Department of Labor
Link: http://www.dol.gov/opa/media/press/eta/ui/eta20120227.htm
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
SEASONALLY ADJUSTED DATA
In the week ending February 4, the advance figure for seasonally adjusted initial claims was 358,000, a decrease of 15,000 from the previous week's revised figure of 373,000. The 4-week moving average was 366,250, a decrease of 11,000 from the previous week's revised average of 377,250.
The advance seasonally adjusted insured unemployment rate was 2.8 percent for the week ending January 28, an increase of 0.1 percentage point from the prior week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending January 28, was 3,515,000, an increase of 64,000 from the preceding week's revised level of 3,451,000. The 4-week moving average was 3,498,000, a decrease of 33,000 from the preceding week's revised average of 3,531,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 397,810 in the week ending February 4, a decrease of 24,477 from the previous week. There were 440,706 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.
Wow, another big decrease.
denverbill
(11,489 posts)fasttense
(17,301 posts)to file for.
There is a cap on how much unemployment you can use. Even if you get another job, it takes a good long time to earn back the unemployment benefits you used.
I am surprised.
CAPHAVOC
(1,138 posts)You are right. There simply are no jobs to be filled. The rate will go down as benefits run out. The published rate is a Hoax. The correct measure would be the unemployable rate. You are unemployable if you have no job and there is not one out there to get. If the Government had not shipped our jobs to China we would be begging for immigrants to come here and work.
Doctor_J
(36,392 posts)Last edited Thu Feb 9, 2012, 11:44 AM - Edit history (1)
When 10% (at least) unemployment, and another 10% underemployment, is "full employment", we're a 3rd world country. All of this cheering is due to the brainwashing from Big media.
Before I get jumped, let me say that any news that will get Obama re-elected is OK by me, but this is in no way a sign of economic health for the US