seasonally adjusted initial UE claims was 349,000, an increase of 40,000

[papau]

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

July 15, 2004

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending July 10, the advance figure for seasonally adjusted initial claims was 349,000, an increase of 40,000 from the previous week's revised figure of 309,000. The 4-week moving average was 339,000, an increase of 3,250 from the previous week's revised average of 335,750.

The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending July 3, an increase of 0.1 percentage point from the prior week's unrevised rate of 2.3 percent.

The advance number for seasonally adjusted insured unemployment during the week ending July 3 was 2,971,000, an increase of 112,000 from the preceding week's revised level of 2,859,000. The 4-week moving average was 2,934,750, an increase of 19,750 from the preceding week's revised average of 2,915,000.


UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 442,769 in the week ending July 10, an increase of 93,208 from the previous week. There were 552,621 initial claims in the comparable week in 2003.

The advance unadjusted insured unemployment rate was 2.2 percent during the week ending July 3, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,736,156, a decrease of 5,641 from the preceding week. A year earlier, the rate was 2.9 percent and the volume was 3,627,409.

[MaineDem]

1. That seems like a big jump

Both the raw data and the adjusted.

I'm glad to see the economy is improving. :eyes:

[papau]

2. A bit of car change over effect - but DOL notes that does not explain

a great deal of the increase.

[papau]

3. Reuters Headline:Jobless Claims Rise More Than Expected

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=4&u=/nm/20040715/bs_nm/economy_jobless_dc
Jobless Claims Rise More Than Expected

WASHINGTON (Reuters) -

[maddezmom]

6. another reuters: Jobless Claims Rise But Seasonal Factors Blamed

http://story.news.yahoo.com/news?tmpl=story&cid=580&ncid=580&e=5&u=/nm/20040715/bs_nm/economy_jobless_dc

[Media_Lies_Daily]

4. And just think...the NeoCons are trying to cast these numbers in the...

...best possible light.

Just how BAD are the unemployment numbers??

[Beetwasher]

5. Seasonal Factors Blamed?????

Umm, where are all the smartasses who always tell us seasonal adjustments are built in to the numbers??? Works both ways doesn't it?

[TahitiNut]

7. The numbers most prominently reported are seasonally adjusted.

The "seasonal factors blamed" is a total red herring - i.e. sycophantic reichbot ass-kissing.

The states worst hit recently (proportional to population) are Michigan, Kentucky, and Indiana.

The largest increases in initial claims for the week ending July 3 were in New York (+7,818), Michigan (+3,737), Kentucky (+3,535), Indiana (+2,432), and California (+2,216), while the largest decreases were in New Jersey (-2,313), Oklahoma (-2,116), Massachusetts (-1,665), Georgia (-1,381), and Delaware (-646).

http://workforcesecurity.doleta.gov/press/2004/071504.html

July's employment/unemployment data will be bad enough to smear shit on Chimpy's face ... not that either he or his blind cultists will notice.

FWIW, it's beginning to look like the housing bubble has burst, too.

[Beetwasher]

8. I Know, But Isn't It Ironic?

n/t