Leave a Comment

Weekly Unemployment Claims Increase
Calculated Risk — The DOL reports weekly unemployment insurance claims increased to 531,000: In the week ending Oct. 17, the advance figure for seasonally adjusted initial claims was 531,000, an increase of 11,000 from the previous week's revised figure of 520,000. The 4-week moving average was 532,250, a decrease of 750 from the previous week's revised average of 533,000. ... The advance number for seasonally adjusted insured unemployment during the week ending Oct. 10 was 5,923,000, a decrease of 98,000 from the preceding week's revised level of 6,021,000. ...

Weekly Initial Unemployment Claims Remain Stubbornly High
Mish's Global Economic Trend Analysis — Weekly unemployment claims have probably peaked this cycle. However, initial claims still remain stubbornly high. Here is the Weekly Unemployment Claims Report for the week ending October 17, 2009. In the week ending Oct. 17, the advance figure for seasonally adjusted initial claims was 531,000, an increase of 11,000 from the previous week's revised figure of 520,000. The 4-week moving average was 532,250, a decrease of 750 from the previous week's revised average of 533,000. The advance seasonally adjusted insured unemployment rate was 4.5 percent for ...