US | Jobless claims | At 439,000, and 78,000 up, Thx to Sandy

Unemployment Insurance Weekly Claims Report

SEASONALLY ADJUSTED DATA

In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week’s revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week’s revised average of 372,000.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending November 3, an increase of 0.1 percentage point from the prior week’s revised rate. The advance number for seasonally adjusted insured unemploymentduring the week ending November 3 was 3,334,000, an increase of 171,000 from the preceding week’s revised level of 3,163,000. The 4-week moving average was 3,254,500, an increase of 17,750 from the preceding week’s revised average of 3,236,750….

Choosen excerpts by Job Market Monitor from

via ETA Press Release: Unemployment Insurance Weekly Claims Report.

“The hurricane most likely had an effect on the jobless claims, but Wal-Mart is probably the best economic indicator today,” Richard Sichel, who oversees about $1.8 billion as chief investment officer at Philadelphia Trust Co., said in a phone interview. “We have the daily drumbeat from Washington with investors watching, waiting and hoping that something will be resolved on the budget and enough progress will be made to take us to the end of the year without too much volatility.”

Choosen excerpts by Job Market Monitor from

via U.S. Stock Futures Little Changed on Wal-Mart, Jobs Data – Bloomberg.