Tag Archive for Upward Revision

Initial Claims Improved over Last Year, But Weakening Momentum is a Yellow Flag

This post is an update excerpt of the permanent page of Employment Charts, which is updated regularly whenever new data is released. Bookmark that page for future reference. This week’s data on first time unemployment claims was slightly weaker, but not terrible.  The gross numbers are still a big improvement over last year, but the…

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…

Initial Jobless Claims- Just a Disturbance In the Force or Change of Trend?

Weekly initial jobless claims actually were down by approximately 16,000. That’s the actual not seasonally fudged number taking into account the fact that these are actual counts that are always revised up when complete data is in. I ignore the seasonally adjusted fictitious number, and have included an adjustment of +7,000 to the number reported in…