DOL (Department of Laughter) Seasonally Eliminates 55,000 jobless claims

S and P 500 Futures Launch 9+ points

as Wall Street Ignores Real Data,

opts to focus on smoke and mirrors 

seasonally adjusted figures

Department of Labor
11/24/10

Seasonally Adjusted

In the week ending Nov. 20, the advance figure for seasonally adjusted initial claims was 407,000, a decrease of 34,000 from the previous week's revised figure of 441,000. The 4-week moving average was 436,000, a decrease of 7,500 from the previous week's revised average of 443,500.

The advance seasonally adjusted insured unemployment rate was 3.3 percent for the week ending Nov. 13, a decrease of 0.1 percentage point from the prior week's unrevised rate of 3.4 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Nov. 13 was 4,182,000, a decrease of 142,000 from the preceding week's revised level of 4,324,000. The 4-week moving average was 4,309,000, a decrease of 51,500 from the preceding week's revised average of 4,360,500.

Non-Seasonally Adjusted

The advance number of actual initial claims under state programs, unadjusted, totaled 462,027 in the week ending Nov. 20, an increase of 52,490 from the previous week. There were 542,492 initial claims in the comparable week in 2009.

The advance unadjusted insured unemployment rate was 3.1 percent during the week ending Nov. 13, an increase of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,839,033, an increase of 103,105 from the preceding week. A year earlier, the rate was 3.9 percent and the volume was 5,081,961.

The total number of people claiming benefits in all programs for the week ending Nov. 6 was 8,532,502. DOL Smoke and Mirrors Report