Job Market Monitor
Seasonal adjustment
Seasonal Adjustment – A longer window should be used
Conceptually, one may define seasonal adjustment as the purging of any variations in economic data that are predictable using the calendar alone. This includes not only effects associated with the time of year but factors such as the timing of Easter or the number of business days in a month. It does not include variations … Continue reading
Unemployment Insurance Claims – It’s hard to beleive that the job market really improving ?
Last report was not a good one with 372,000 (unrevisied). This morning report isn’t better. Is the job market really improving ? Hard to beleive. SEASONALLY ADJUSTED DATA ; In the week ending August 25, the advance figure for seasonally adjusted initial claims was 374,000, unchanged from the previous week’s revised figure of 374,000. The … Continue reading
Unemployment Insurance Claims – Up by only 2,000
SEASONALLY ADJUSTED DATA In the week ending August 11, the advance figure for seasonally adjusted initial claims was 366,000, an increase of 2,000 from the previous week’s revised figure of 364,000. The 4-week moving average was 363,750, a decrease of 5,500 from the previous week’s revised average of 369,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
Unemployment Insurance Claims – 361,000, a decrease of 6,000 from the previous week
Two weeks ago, claim were down to 353,000, at bottom-near since April 2008 and we have asked ‘But is it only volatility’ ? The answer might well be yes. UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending August 4, the advance figure for seasonally adjusted initial claims was 361,000, a decrease … Continue reading
Unemployment Insurance Weekly Claims Report : Disappointingly Stable
SEASONALLY ADJUSTED DATA In the week ending April 14, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 2,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 374,750, an increase of 5,500 from the previous week’s revised average of 369,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
Australian unemployment steady at 5.2% and seasonally adjusted employment expanded strongly in March, increasing by 44,000 (well above all market expectations) and employment to a record level
Australia’s unemployment rate held steady at 5.2 per cent in March, data showed Thursday, beating expectations, while 44,000 jobs were created — almost eight times the number forecast. The news sent the Australian dollar high against the greenback on receding expectations of an interest rate hike. The Australian Bureau of Statistics (ABS) said the seasonally … Continue reading
European unemployment | Highest in 14 years and Youth Hit Hardest
“European unemployment increased to the highest in more than 14 years in February as companies from Spain to Italy eliminated jobs to weather the region’s crisis” writes Bloomberg. The euro area (EA17) seasonally-adjusted unemployment rate was 10.8% in February 2012, compared with 10.7% in January. It was 10.0% in February 2011. The EU27 unemployment rate was 10.2% in February 2012, compared with 10.1% in January. It … Continue reading
News | Jobless Claims Reach New Four-Year Low
“New claims for unemployment benefits fell to a new four-year low in the United States last week, according to a government report. A separate report confirmed the American economy expanded at an annual rate of 3 percent late last year” reports the NYT. ______________________________________________________ Unemployment Insurance Weekly Claims Report (Excerpts from the Press Release) SEASONALLY ADJUSTED … Continue reading
Unemployment Claims | Remain at 4-Year Low
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending February 25, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 2,000 from the previous week’s revised figure of 353,000. The 4-week moving average was 354,000, a decrease of 5,500 from the previous week’s revised average of 359,500. The advance seasonally … Continue reading
Sweden Unemployment Rose in January as Debt Crisis Hits Demand – Bloomberg
Swedish unemployment rose more than estimated last month as Europe’s debt crisis weighs on demand in the largest Nordic economy. The non-seasonally adjusted unemployment rate, based on a survey of about 29,500 people, rose to 8.0 percent from 7.1 percent the prior month, Stockholm-based Statistics Sweden said today. The median estimate of 13 economists surveyed … Continue reading
Everyone Is Freaking Out Over A New Survey That Shows Unemployment Surging Again
As The Bonddad Blog pointed out last week, this Gallup data isn’t seasonally adjusted (in fact it says that in the chart right up there). Since it’s not seasonally adjusted, you have to look at it year over year, and guess what. And guess what, a year ago Gallup was at 10% and BLS was at … Continue reading
U.S. Unemployment Increases in Mid-February
The U.S. unemployment rate, as measured by Gallup without seasonal adjustment, is 9.0% in mid-February, up from 8.6% for January. The mid-month reading normally reflects what the U.S. government reports for the entire month, and is up from 8.3% in mid-January. via U.S. Unemployment Increases in Mid-February.
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