SEASONALLY ADJUSTED DATA
In the week ending December 15, the advance figure for seasonally adjusted initial claims was 361,000, an increase of 17,000 from the previous week’s revised figure of 344,000. The 4-week moving average was 367,750, a decrease of 13,750 from the previous week’s unrevised average of 381,500.
The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending December 8, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 8 was 3,225,000, an increase of 12,000 from the preceding week’s revised level of 3,213,000. The 4-week moving average was 3,240,500, a decrease of 33,500 from the preceding week’s revised average of 3,274,000.
Choosen excerpts by Job Market Monitor from
via ETA Press Release: Unemployment Insurance Weekly Claims Report.
Jobless claims up, but at the lower end of pre-storm range
The number of Americans filing new claims for unemployment aid rose last week, putting them back at the lower end of their pre-storm range and suggesting job growth remains moderate…
Claims have now unwound the Superstorm Sandy surge. They rose as high as 451,000 in the aftermath of the late October storm, which struck the East Coast. Economists polled by Reuters had forecast claims rising to 357,000 last week…
Job gains so far this year have averaged 151,000 per month, a pattern that is likely to hold through December amid fears the U.S. Congress and the Obama administration could fail to agree on a deal to prevent tighter fiscal policy next year.
About $600 billion in government spending cuts and higher taxes could be pulled out of the economy in early 2013, and tip it back into recession unless an agreement is reached on a less punitive plan to reduce budget deficits.
Choosen excerpts by Job Market Monitor from
via Jobless claims up, but at the lower end of pre-storm range | Reuters.
Job Market Monitor 
Discussion
No comments yet.