Unemployment Insurance Weekly Claims Report (10/06/2011)

[mahatmakanejeeves]

Source: Employment and Training Administration, Department of Labor

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending October 1, the advance figure for seasonally adjusted initial claims was 401,000, an increase of 6,000 from the previous week's revised figure of 395,000. The 4-week moving average was 414,000, a decrease of 4,000 from the previous week's revised average of 418,000.

The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending September 24, a decrease of 0.1 percentage point from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending September 24 was 3,700,000, a decrease of 52,000 from the preceding week's revised level of 3,752,000. The 4-week moving average was 3,739,000, a decrease of 9,750 from the preceding week's revised average of 3,748,750.

Read more: http://www.dol.gov/opa/media/press/eta/ui/eta20111442.htm

---

It went back up. Not only that, but last week's figures were revised upward too. They had been 391,000.

Unemployment Insurance Weekly Claims Report (09/29/2011)

All the press releases are here:

OPA News Releases

[OhioChick]

1. Not pretty n/t

[Beacool]

2. And the car continues down the mountain with no breaks.

When are we going to reach the bottom of the cliff? When are things going to start finally looking up?

:-(

[pinqy]

3. This IS better

From the week ending Nov 8, 2008 to the week ending Nov 14, 2009, Intial UI claims were over 500,000 a week. Average was 578,167/week and the high was 651,000 (week ending March 28, 2009).

It's not great that it keeps hovering around 400,000/week, but it is a definite improvement.