The DOL reported Initial weekly unemployment claims for the week ending on January 12th, 2013 were 335,000, a 37,000 drop from the previous week of 372,000. Last week's initial claims were originally reported to be 371,000, a 1,000 upward revision.
The media and stock market are insane. This is why. Today, AP reported the stock market, seemingly on a daily 500 point roller coaster, increased due to initial weekly unemployment claims. Don't they realize every week, the previous week is almost always revised upward?
Initial weekly unemployment claims decreased to 398,000, the first time initial claims has dropped below 400,000 since April. That said, last week was revised up from 418,000 to 422,000. The 4 week moving average is 413,750, but declined 8,500 from last week's 422,250. A weekly average above 400,000 does not indicate job growth.
Initial weekly unemployment claims increased to 418,000. The 4 week moving average is 421,250. A weekly average above 400,000 does not indicate job growth and we now have a pattern of perpetual disaster for U.S. citizens trying to earn a living.
Initial weekly unemployment claims increased to 429,000. While the DOL reports this is a increase of 9,000, last week was revised upward by 6,000, from 414,000 to 420,000. The 4 week moving average is 426,250. A weekly average above 400,000 does not indicate job growth and we now have a pattern of perpetual disaster for U.S. citizens trying to earn a living.
Initial weekly unemployment claims decreased to 414,000. While the DOL reports this is a decrease of 16,000, last week was revised upward by 3,000, from 427,000 to 430,000. The 4 week moving average is 424,750, which is unchanged. A weekly average above 400,000 does not indicate job growth and we now have a pattern of perpetual disaster for U.S. citizens trying to earn a living.
Initial weekly unemployment claims increased to 412,000, a 27,000 increase in a week. Last week was revised up to 385,000, from 382,000. The 4 week moving average increased to 395,750. We're going backward, the wrong direction for job growth.
Initial weekly unemployment claims decreased to 382,000 this week and last week was revised up to 395,250. The 4 week moving average dropped to 389,500, but is higher than the 4 week moving average from March 12th. Weekly unemployment claims seem to be hovering right above the job creation point of 375,000 per week now.
Initial weekly unemployment claims decreased to 385,000 this week and last week was revised up to 401,000. The 4 week moving average dropped to 386,250. Weekly unemployment claims seem to be hovering right above the job creation point of 375,000 per week now.
Initial weekly unemployment claims decreased to 368,000 this week and last week was revised down to 388,000. The 4 week moving average dropped below 400,000 to 388,500. This is the first time in July 2008 this has happened.
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