Initial Clams 27 Nov '13

As our good friend Karma Police over on Hoocoodanode so kindly reminded the commentariat this morning you have to come here to get the real analysis of the weekly initial unemployment claims data.  Good thing too because the week is a particularly suspicious report.  

From the report:

The advance number of actual initial claims under state programs, unadjusted, totaled 363,053 in the week ending November 23, an increase of 37,229 from the previous week. There were 358,869 initial claims in the comparable week in 2012.
The advance unadjusted insured unemployment rate was 2.1 percent during the week ending November 16, an increase of 0.2 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,684,088, an increase of 143,750 from the preceding week. A year earlier, the rate was 2.2 percent and the volume was 2,835,628.
The total number of people claiming benefits in all programs for the week ending November 9 was 3,913,729, an increase of 38,437 from the previous week. There were 5,183,962 persons claiming benefits in all programs in the comparable week in 2012.

 Okay.  363,053 resulted in a seasonally adjustment of -47,000 week over week. 

What about last year?  358,869 resulted in a seasonally adjustment of +31,000.

Enough said.