Unemployment weekly initial claims down 6000 to 308,000

[papau]

http://www.dol.gov/opa/media/press/eta/ui/current.htm
August 11, 2005

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Aug. 6, the advance figure for seasonally adjusted initial claims was 308,000, a decrease of 6,000 from the previous week's revised figure of 314,000. The 4-week moving average was 309,250, a decrease of 7,250 from the previous week's revised average of 316,500.

The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending July 30, unchanged from the prior week's unrevised rate of 2.0 percent.

The advance number for seasonally adjusted insured unemployment during the week ending July 30 was 2,573,000, a decrease of 8,000 from the preceding week's unrevised level of 2,581,000. The 4-week moving average was 2,582,000, a decrease of 11,000 from the preceding week's revised average of 2,593,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 267,461 in the week ending Aug. 6, an increase of 5,819 from the previous week. There were 291,611 initial claims in the comparable week in 2004.

The advance unadjusted insured unemployment rate was 1.9 percent during the week ending July 30, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,475,224, a decrease of 33,668 from the preceding week. A year earlier, the rate was 2.2 percent and the volume was 2,755,373.

[Southpaw Bookworm]

1. And how much of that decrease

Comes from people who have timed out of unemployment and are no longer eligible for benefits? Or those who managed to only find part time work?

[papau]

2. Those are reflected if they asked for benefits- it is the ones who give up

who are missing.

Plus college age kids are not taken as seriously as older out of work folks.