Unemployment Insurance Weekly Claims Report (07/07/2011)

Source: Employment and Training Administration, Department of Labor

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

Special Factor: Minnesota has indicated that approximately 2,500 of their reported initial claims are a result of state employees filing due to the state government shutdown.

SEASONALLY ADJUSTED DATA

In the week ending July 2, the advance figure for seasonally adjusted initial claims was 418,000, a decrease of 14,000 from the previous week's revised figure of 432,000. The 4-week moving average was 424,750, a decrease of 3,000 from the previous week's revised average of 427,750.

The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending June 25, a decrease of 0.1 percentage point from the prior week's revised rate of 3.0 percent.

The advance number for seasonally adjusted insured unemployment during the week ending June 25 was 3,681,000, a decrease of 43,000 from the preceding week's revised level of 3,724,000. The 4-week moving average was 3,705,250, a decrease of 3,750 from the preceding week's revised average of 3,709,000.

Read more: http://www.dol.gov/opa/media/press/eta/ui/eta20111014.htm

Bottom line, we are still screwed.

:(

Holding steady and trending to the good are both welcome. :-)

;-)

Champagne corks... LOL.... Obama spends nearly a trillion dollars on stimulus, result $280K per job, sorry but I must have missed out on that money, it could have kept me employed for the next 8 years.... Where's mine?

And you miss my point completely. I'm not saying the numbers are good, they're not, but they're improving and that's something that hopefully turns into a solid trend. It's like you read "champagne corks" and start ripping me for celebrating. :eyes:

And you get your $280k from the WEEKLY STANDARD, which is flawed based on this:
http://www.tnr.com/blog/jonathan-chait/91390/counting-jobs

Of course its a trillion more if we are being brutally honest and yes I do agree that the money did buy material goods not just labor so you get a point for that.... but.... the bottom line is and I think you won't disagree, that the private sector failed to live up to their part of the bargain, government doesn't make or sell a product it takes tax money and invests so that the private sector will come along and take over but in this case it just didn't work out that way...

Hope, I had Hope in 2008, I lost hope by 2010, ATM, I live with a very cynical view of American politics and it certainly won't be Obama that wins me back.....

Where are our convictions, our principles our holding our own representatives accountable? It seems, I am watching a the train wreck of the Democratic party in slow motion.