Initial unemployment claims at 316,000/GDP revised down to 2.6% for 2nd qt [View All]

[papau]

September 28, 2006 UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Sept. 23, the advance figure for seasonally adjusted initial claims was 316,000, a decrease of 6,000 from the previous week's revised figure of 322,000. The 4-week moving average was 315,500, a decrease of 500 from the previous week's revised average of 316,000.

The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending Sept. 16, unchanged from the prior week's unrevised rate of 1.9 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Sept. 16 was 2,444,000, a decrease of 8,000 from the preceding week's revised level of 2,452,000. The 4-week moving average was 2,466,750, a decrease of 8,250 from the preceding week's revised average of 2,475,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 259,232 in the week ending Sept. 23, a decrease of 7,758 from the previous week. There were 292,435 initial claims in the comparable week in 2005.

The advance unadjusted insured unemployment rate was 1.6 percent during the week ending Sept. 16, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,072,639, a decrease of 80,324 from the preceding week. A year earlier, the rate was 1.8 percent and the volume was 2,349,781.


Extended benefits were not available in any state during the week ending Sept. 9.

http://www.dol.gov/opa/media/press/eta/ui/current.htm

GDP revised down to 2.6% rate in the second quarter...

http://www.marketwatch.com/default.aspx?siteid=mktw&avatar=seen&dist=ctmw