"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Thursday, January 6, 2011

Dept. of Labor Seasonally Adjusts Out 593,022 Initial Jobless Claims in December

Not Seasonally Adjusted Jobless Claims

The Department of Laughter, Lies, Labor successfully seasonally adjusted out 593,000 Americans filing initial jobless claims in December. Meanwhile ADP states 297,000 seasonally adjusted jobs jobs were created in December. 2.7 million non-seasonally adjusted Americans filed initial jobless claims in December and yet ADP would have us believe on net, 300,000 jobs were created? Hilda Solis is doing her best to keep the equity market rally alive as even the Secretary of Labor knows the market disregards non-adjusted data.

Keep up the fine work Ms. Solis,
as your creative arithmetic skills 
are an inspiration to 2nd and 3rd graders globally.

Seasonally Adjusted Claims

In the week ending Jan. 1, the advance figure for seasonally adjusted initial claims was 409,000, an increase of 18,000 from the previous week's revised figure of 391,000. The 4-week moving average was 410,750, a decrease of 3,500 from the previous week's revised average of 414,250.

The advance seasonally adjusted insured unemployment rate was 3.3 percent for the week ending Dec. 25, unchanged from the prior week's unrevised rate of 3.3 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Dec. 25 was 4,103,000, a decrease of 47,000 from the preceding week's revised level of 4,150,000. The 4-week moving average was 4,122,500, a decrease of 2,750 from the preceding week's revised average of 4,125,250.

The advance number of actual initial claims under state programs, unadjusted, totaled 577,279 in the week ending Jan. 1, an increase of 52,038 from the previous week. There were 645,446 initial claims in the comparable week in 2010.

The advance unadjusted insured unemployment rate was 3.5 percent during the week ending Dec. 25, an increase of 0.2 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 4,390,661, an increase of 273,882 from the preceding week. A year earlier, the rate was 4.2 percent and the volume was 5,484,997.

The total number of people claiming benefits in all programs for the week ending Dec. 18 was 8,765,952. DOL Press Release and of course prior week revisions

Week Ending           SA           NSA                Diff
1/1/11                   409,000   577,279         168,279
12/25/10               391,000   525,241         134,241 
12/18/10               420,000   495,548           75,548
12/11/10               423,000   490,276           67,276
12/4/10                 438,000   585,678         147,678

Total                 2,081,000     2,674,022     593,022

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