ETA News Release: Unemployment Insurance Weekly Claims Report (05/31/2012)
Source: Department of Labor, Employment and Training Admin
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
SEASONALLY ADJUSTED DATA
In the week ending May 26, the advance figure for seasonally adjusted initial claims was 383,000, an increase of 10,000 from the previous week's revised figure of 373,000. The 4-week moving average was 374,500, an increase of 3,750 from the previous week's revised average of 370,750.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending May 19, unchanged from the prior week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending May 19 was 3,242,000, a decrease of 36,000 from the preceding week's revised level of 3,278,000. The 4-week moving average was 3,263,750, a decrease of 12,000 from the preceding week's revised average of 3,275,750.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 341,167 in the week ending May 26, an increase of 10,736 from the previous week. There were 381,497 initial claims in the comparable week in 2011.
Read more: http://www.dol.gov/opa/media/press/eta/ui/eta20121072.htm
Good morning, Freepers and DUers alike. It is time once again for the weekly unemployment insurance initial claims report.
It's not good, either. There was an increase of 10,000 initial claims.
This week's data are brought to you as a nonpartisan public service. This is just one example of the good work your civil servants are performing for you.
I can't recall when I started posting the number every week, but this has probably been going on for at least a year. I seriously do not care if the week's data make Obama look good, or Romney look good, or Chairman Mao look good, or anybody else. They are just numbers, and I post them without regard to the consequences.
You will also note that I welcome people from Free Republic to examine the numbers as well. They paid for the work just as much as members of DU did, so I invite them to come on over and have a look. "The more the merrier" is the way I look at it.
I do not work at the EDTA, and I do not know anyone working in that agency. I'm sure I can safely assume that the numbers are gathered and analyzed by career civil servant economists who do their work on a nonpartisan basis. Numbers are numbers, and let the chips fall where they may. If you feel that these economists are falling down on the job, drop them a line or give them a call. They work for you, not for any politician or political party. Maybe they're all voting for Romney. That's up to them.
The word "initial" is important. The report does not count all claims, just the new ones filed this week.
Note: The seasonal adjustment factors used for the UI Weekly Claims data from 2007 forward, along with the resulting seasonally adjusted values for initial claims and continuing claims, have been revised. These revised historical values, as well as the seasonal adjustment factors that will be used through calendar year 2012, can be accessed at the bottom of the following link: http://www.oui.doleta.gov/press/2012/032911.asp
That's a bad link right now. It has been bad for about a month and a half, too. Try:
http://www.oui.doleta.gov/unemploy/finance.asp
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