Unemployment Insurance Weekly Claims Report (06/23/2011)

[mahatmakanejeeves]

Source: Employment and Training Administration, Department of Labor

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending June 18, the advance figure for seasonally adjusted initial claims was 429,000, an increase of 9,000 from the previous week's revised figure of 420,000. The 4-week moving average was 426,250, unchanged from the previous week's revised average of 426,250.

The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending June 11, unchanged from the prior week's unrevised rate of 2.9 percent.

The advance number for seasonally adjusted insured unemployment during the week ending June 11 was 3,697,000, a decrease of 1,000 from the preceding week's revised level of 3,698,000. The 4-week moving average was 3,709,500, a decrease of 5,250 from the preceding week's revised average of 3,714,750.

Read more: http://www.dol.gov/opa/media/press/eta/ui/eta20110922.htm

---

The tradition lives on.

[midnight]

1. I'm not sure if this is impressive or not... It seems like a lot of unemployment to me..

Newly Discharged Veterans
2,715
2,422
293
2,533

Our newly discharged vets can't even get a job.... I thought they received training that made them top picks for jobs when there done with the service?

[iwishiwas]

2. It seems to be the new chronic unemployment.

[Pale Blue Dot]

3. Not to mention that massive teacher layoffs are only now starting to take effect.

This number is about to get MUCH worse.

[OverDone]

4. Same Old

Really did we expect things were getting better. Its time we actually make some real changes, all theses articles on recovery are doing nothing to actually help us.
Pretty sad, we let things get run down this bad

http://www.dailyjobcuts.com

[locahungaria]

7. Right.....

It's kind of hard to start fixing something when you continually insist that it's not really broken.

I get sick of those recovery articles myself.

[Yon_Yonson]

8. That’s a recruitment ploy ...

Here the real tragedy behind the veterans, thanks to a grateful country.

The U.S. Department of Veterans Affairs (VA) states the nation’s homeless veterans are predominantly male, with roughly five percent being female. The majority of them are single; come from urban areas; and suffer from mental illness, alcohol and/or substance abuse, or co-occurring disorders. About one-third of the adult homeless population are veterans.

America’s homeless veterans have served in World War II, the Korean War, Cold War, Vietnam War, Grenada, Panama, Lebanon, Afghanistan and Iraq (OEF/OIF), and the military’s anti-drug cultivation efforts in South America. Nearly half of homeless veterans served during the Vietnam era. Two-thirds served our country for at least three years, and one-third were stationed in a war zone.

Roughly 56 percent of all homeless veterans are African American or Hispanic, despite only accounting for 12.8 percent and 15.4 percent of the U.S. population respectively.

http://www.nchv.org/background.cfm

[ChrisBorg]

5. Instant view: Jobless claims rise more than expected

(Reuters) - New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, suggesting little improvement in the labor market this month after employment stumbled in May.

Unexpected? Again? Surprise, surprise surprise.

[Yon_Yonson]

9. What are the real numbers?

You are no longer an unemployment statistic once you unemployment compensation runs out. This recession started back in early 2000 and since then who the hell knows what those numbers would show if they were tallied correctly

[mahatmakanejeeves]

12. "... who knows ... what those numbers would show...."

That information is available. See, for example:

Payroll employment rises 244,000 in April; unemployment rate edges up to 9.0%

[pinqy]

13. Pay attention to the thread title

The thread is about UNEMPLOYMENT INSURANCE CLAIMS, not total unemployment, so of course people not collecting won't be included.

As for "You are no longer an unemployment statistic once you unemployment compensation runs out" you're flat out wrong. The household survey for the Unemployment level and rate (which is NOT what's under discussion) has never ever asked about unemployment benefits. For the unemployment level and rate if you did not work but are currently (last 4 weeks) looking for work, then you're unemployed...and that's been the definition since the survey was started.

[stockholmer]

6. unfortunately, this is still just a taste of worse things to come

:(

[Yon_Yonson]

11. I agree .. the worst is still to come!

[Springer9]

10. As expected, jobless claims rise unexpectedly

n/t