Unemployment Insurance Weekly Claims Report [07/29/2010]

[mahatmakanejeeves]

Source: US Department of Labor

In the week ending July 24, the advance figure for seasonally adjusted initial claims was 457,000, a decrease of 11,000 from the previous week's revised figure of 468,000. The 4-week moving average was 452,500, a decrease of 4,500 from the previous week's revised average of 457,000.

The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending July 17, an increase of 0.1 percentage point from the prior week's unrevised rate of 3.5 percent.

The advance number for seasonally adjusted insured unemployment during the week ending July 17 was 4,565,000, an increase of 81,000 from the preceding week's revised level of 4,484,000. The 4-week moving average was 4,548,250, a decrease of 18,000 from the preceding week's revised average of 4,566,250.

The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.037 million.

Read more: http://www.dol.gov/opa/media/press/eta/ui/eta20101031.htm

[mahatmakanejeeves]

1. Another article on this

Jobless Claims Fall

By SARAH N. LYNCH And LUCA DI LEO

The number of U.S. workers filing new claims for unemployment benefits fell slightly last week, but that followed a big rise the previous period, signaling little improvement in the job market.

Initial claims for jobless benefits declined by 11,000 to 457,000 in the week ended July 24, the Labor Department said in its weekly report Thursday. The decline beat expectations of economists polled by Dow Jones Newswires, who had predicted claims would fall by only 4,000.

However, the previous week's level of claims was revised upward, from 464,000 to 468,000. The four-week moving average -- which aims to give a better idea of the trend by smoothing volatility in the data -- fell by 4,500 to 452,500 in the week ended July 24. The prior week's average was revised to 457,000.

Real Time Economics Claims lasting more than one week, meanwhile, increased.

[raouldukelives]

2. Just imagine how good the numbers will look next year

When everyone is out of benefits and nobody is counted we'll have 0% unemployment! I smell a stock rally!

[OhioChick]

3. My thoughts, exactly! n/t

[FloriTexan]

4. Second THAT!

My hubbie just fell off the rolls. :(

[Beacool]

5. Sad to say that you're probably not too far off the mark.

:-(

[Joanne98]

6. Yep.