Huge increase-71000- in initial Unemployment claims to 398,000

[papau]

September 15, 2005
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Sept. 10, the advance figure for seasonally adjusted initial claims was 398,000, an increase of 71,000 from the previous week's revised figure of 327,000. The 4-week moving average was 340,750, an increase of 19,750 from the previous week's revised average of 321,000.

The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending Sept. 3, unchanged from the prior week's unrevised rate of 2.0 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Sept. 3 was 2,590,000, an increase of 20,000 from the preceding week's revised level of 2,570,000. The 4-week moving average was 2,582,250, an increase of 750 from the preceding week's revised average of 2,581,500.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 302,407 in the week ending Sept. 10, an increase of 31,031 from the previous week. There were 250,568 initial claims in the comparable week in 2004.

The advance unadjusted insured unemployment rate was 1.7 percent during the week ending Sept. 3, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,227,211, a decrease of 96,469 from the preceding week. A year earlier, the rate was 1.9 percent and the volume was 2,455,140.


Extended benefits were not available in any state during the week ending Aug. 27.

http://www.dol.gov/opa/media/press/eta/ui/current.htm

[SpiralHawk]

1. It's all Bill Clinton's --ooops, I mean Katrina's fault !

Excuse me -- my copy of the Republican talking points is out of date by two weeks.

It is all Katrina's fault.



"Make the pie higher." - Bush Economic Recovery Plan*


* Based on the eternal Republican truism:
"A rising storm tide lifts all Halliburton yachts."

[SpiralHawk]

2. The classique Bush poem on crucial topics of the day

The quotes have been arranged
for aesthetic reasons only
by Washington Post writer Richard Thompson.


MAKE THE PIE HIGHER
by George W. Bush

I think we all agree, the past is over.

This is still a dangerous world.
It's a world of madmen and uncertainty
and potential mental losses.

Rarely is the question asked
Is our children learning?
Will the highways of the internet
become more few?

How many hands have I shaked?

They misunderestimate me.
I am a pitbull on the pantleg of opportunity.

I know that the human being
and the fish can coexist.

Families is where our nation finds hope,
where our wings take dream.

Put food on your family!

Knock down the tollbooth!

Vulcanize Society!

Make the pie higher! Make the pie higher!

[area51]

9. Damn that Clenis!

</facetious>

[strizi64]

3. and they are NOT "adjusted" for Katrina

8:30am 09/15/05 WEEKLY CLAIMS DON'T REFLECT ALL KATRINA FILINGS: DOL
8:30am 09/15/05 LARGE UPWARD REVISION TO CLAIMS LIKELY: DOL

I'm expecting 400k+ after revision

[papau]

5. good points :-)

:-)

[BronxBoy]

6. Why?

Everyone there was on welfare!
:sarcasm:

[daleo]

7. It seems like Katrina will necessitate a very large revision

On the order of hundreds of thousands, one would expect.

[SpiralHawk]

8. Oh, double super secret EXCUSE Me

"It is Bill Clinton's fault after all." - Republican National Propaganda Party

[fasttense]

4. But the fix is in on the futures contracts

so the market should be doing just fine.

[brooklynite]

10. Isn't that about the same number they need...

to meet the Army recruitment quota?