Tag Archive for Initial Unemployment Claims

Initial Unemployment Claims Belie Last Week’s Hysteria on Jobs

This report is an excerpt of the currently updated permanent Employment Charts page which includes the monthly jobs and average earnings data, as well as the Labor Departments Job Openings and Labor Turnover Survey (JOLTS) and real time data on Federal Withholding taxes. The charts on that page are updated as soon as new data…

Unemployment Claims Like Barbecue- Lower But Slower

While the mainstream media was reporting that jobless claims were steady last week, the real picture was more nuanced. The media reports only the seasonally smoothed  number, which can obscure what’s really going on and is often late in recognizing trend changes because of the inherent smoothing. I liken it to Impressionist Art. It’s an…

Mind Blowing Economic Charts – First Time Claims, The Stock Market, and The Fed

Improvement in first time unemployment claims is slowing. Actual, not seasonally manipulated data, including an adjustment for the usual weekly upward revision, shows that the year to year rate of change is on the cusp of a possible upside breakout, which would be good news for stock market bears if it happens. Here’s why it’s…

Interpreting The Head Scratching Unemployment Claims Data

Actual, not seasonally adjusted, initial unemployment claims totaled 319,349 last week, according to the Department of Labor tabulation of weekly data submitted to it by the 50 state employment departments. This number was virtually unchanged from the prior week total of 319,382. As always, the media reported only the seasonally manipulated numbers showing a decline…