In the week ending Dec 3rd, 528,793 people applied for UI benefits with their state (there's always a surge in the first week of Dec, probably because it's the week after Thanksgiving). Last week, ending Dec 10th, 433,287, (95,506 fewer) applied.
But wait, it's Christmas season, UI claims always go down 2nd week of Dec. So seasonally adjusted to eliminate the usual decrease, the change was from 385,000 to
366,000...a drop of 19,000. 366,000 claims (seasonally adjusted) is the fewest number of claims since May 2008.
In a couple of weeks, we'll get to see how many from state and federal programs are receiving benefits.
But wait, it's Christmas season, UI claims always go down 2nd week of Dec. So seasonally adjusted to eliminate the usual decrease, the change was from 385,000 to
366,000...a drop of 19,000. 366,000 claims (seasonally adjusted) is the fewest number of claims since May 2008.
In a couple of weeks, we'll get to see how many from state and federal programs are receiving benefits.