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User Info U.S. INITIAL JOBLESS CLAIMS ROSE 34,000 LAST WEEK TO 386,000 in forum [NotSoBreaking]
Bearshort
Posts: 4476
Incept: 2007-09-13
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NYC
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U.S. INITIAL JOBLESS CLAIMS ROSE 34,000 LAST WEEK TO 386,000
suckie

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"How long to the point of know return?"
Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson.
Argos
Posts: 6305
Incept: 2008-03-23
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The Green Mountain State
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Econoday was expecting a reading of 365K.

Cashncarry
Posts: 5091
Incept: 2007-07-24
Green
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Last weeks 350k number was clearly an outlier.

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"There are two places only where socialism will work; in heaven where it is not needed, and in hell where they already have it.”– Winston Churchill
Bearshort
Posts: 4476
Incept: 2007-09-13
Green
NYC
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Morgan Stanley willl be adding to the number after a terrible quarter, Morgan Stanley Says Headcount Expected to Fall 700 by Year-End according to Bloomberg.

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"How long to the point of know return?"
Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson.
Argos
Posts: 6305
Incept: 2008-03-23
Gold
The Green Mountain State
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DoL Release:

http://ows.doleta.gov/press/2012/071912.....

Partial quote:

Quote:
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending July 14, the advance figure for seasonally adjusted initial claims was 386,000, an increase of 34,000 from the previous week's revised figure of 352,000. The 4-week moving average was 375,500, a decrease of 1,500 from the previous week's revised average of 377,000.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending July 7, unchanged from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending July 7 was 3,314,000, an increase of 1,000 from the preceding week's revised level of 3,313,000. The 4-week moving average was 3,311,750, an increase of 1,000 from the preceding week's revised average of 3,310,750.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 452,960 in the week ending July 14, an increase of 10,768 from the previous week. There were 470,086 initial claims in the comparable week in 2011.

The advance unadjusted insured unemployment rate was 2.6 percent during the week ending July 7, an increase of 0.2 percentage point from the prior week's unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,356,765, an increase of 246,164 from the preceding week. A year earlier, the rate was 3.0 percent and the volume was 3,783,316.

The total number of people claiming benefits in all programs for the week ending June 30 was 5,752,116 a decrease of 121,985 from the previous week.
Rjazz117
Posts: 17780
Incept: 2007-09-11
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Where's that damned Rally Monkey?

Late to the party, that's where.

smiley

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“To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson
Zarathustra
Posts: 5937
Incept: 2009-04-29
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Funkytown
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The rally monkey is still here, but he's a shell of the primate he once was and he's limited to four posts every few hours....

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"And in knowing that you know nothing, that makes you the smartest of all." - Socrates

Rjazz117
Posts: 17780
Incept: 2007-09-11
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A Limited Rally Monkey...?

Sorry, that just doesn't fit the program.

smiley

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“To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson
Zarathustra
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Incept: 2009-04-29
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Funkytown
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LOL...I hear you, Jazz.

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"And in knowing that you know nothing, that makes you the smartest of all." - Socrates
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