A Closer Look

Unemployment Insurance Weekly Claims Report : Two in a row dissapointing weeks, not a good sign

SEASONALLY ADJUSTED DATA

In the week ending April 21, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 1,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 381,750, an increase of 6,250 from the previous week’s revised average of 375,500.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending April 14, unchanged from the prior week.

The advance number for seasonally adjusted insured unemployment during the week ending April 14 was 3,315,000, an increase of 3,000 from the preceding week’s revised level of 3,312,000. The 4-week moving average was 3,311,750, a decrease of 9,750 from the preceding week’s revised average of 3,321,500.

(Excerpts) 

News releases from the U.S. Department of Labor are accessible on the Internet at: http://www.dol.gov/and  http://www.ows.doleta.gov/

_____________________________________________

Jobless claims suggest stumbling labor recovery | Reuters

The number of Americans lining up for new jobless benefits fell slightly last week but remained above levels posted earlier this year, suggesting improvement in the labor market is stalling.

Initial claims for state unemployment benefits dropped by 1,000 to 388,000, the Labor Department said on Thursday.

“This was a disappointing number and offers more evidence that the labor market continues to lose traction,” said Joe Manimbo, an analyst at Western Union Business Solutions in Washington.

Economists polled by Reuters had expected new claims to fall to 375,000…

The report on jobless claims was the latest example of fizzling momentum in the labor market recovery.

Employers added 120,000 new jobs to their payrolls in March, the least since October, after averaging 246,000 jobs per month over the prior three months.

New claims for unemployment benefits fell sharply over the winter but the improvement has largely reversed over the last month.

The four-week moving average for new claims, a closely followed measure of labor market trends, rose 6,250 last week to 381,750, its highest since the week that ended January 7…

Source:

Read More @ Jobless claims suggest stumbling labor recovery | Reuters.


About these ads

Discussion

Trackbacks/Pingbacks

  1. Pingback: Economic Recovery Myth Disproven Dick Morris TV! « Political Vel Craft - April 26, 2012

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor via Twitter

Categories

Archives

Follow

Get every new post delivered to your Inbox.

Join 1,634 other followers

%d bloggers like this: