The advance number of actual initial claims under state programs, unadjusted, totaled 408,710 in the week ending July 13, an increase of 25,350 from the previous week. There were 455,260 initial claims in the comparable week in 2012. The advance unadjusted insured unemployment rate was 2.4 percent during the week ending July 6, an increase of 0.2 percentage point from the prior week's revised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,144,838, an increase of 333,812 from the preceding week's revised level of 2,811,026. A year earlier, the rate was 2.6 percent and the volume was 3,360,067. The total number of people claiming benefits in all programs for the week ending June 29 was 4,519,501, a decrease of 1,903 from the previous week. There were 5,753,820 persons claiming benefits in all programs in the comparable week in 2012.The actual bad numbers won't come out until they won't matter. Nota Bene: Running a blog is work. I've picked up the job again with sadness at the passing of hoocoodanode as a viable platform.
Thursday, July 18, 2013
Why Jobless Claims Declined this Week