New unemployment insurance weekly claims still a half million a week!

Discussion in 'Economy' started by Neubarth, Oct 7, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    NEW UNEMPLOYMENT INSURANCE WEEKLY CLAIMS STILL A HALF MILLION A WEEK! A half million newly unemployed each week. Nearly two million each month and it just keeps going on and on and on and on. More misery for the masses. For young people entering the work force, the prospect of employment is dim.



    UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

    SEASONALLY ADJUSTED DATA

    In the week ending Oct. 2, the advance figure for seasonally adjusted initial claims was 445,000, a decrease of 11,000 from the previous week's revised figure of 456,000. The 4-week moving average was 455,750, a decrease of 3,000 from the previous week's revised average of 458,750.

    The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Sept. 25, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.

    The advance number for seasonally adjusted insured unemployment during the week ending Sept. 25 was 4,462,000, a decrease of 48,000 from the preceding week's revised level of 4,510,000. The 4-week moving average was 4,510,750, a decrease of 27,750 from the preceding week's revised average of 4,538,500.

    UNADJUSTED DATA

    ETA Press Release: Unemployment Insurance Weekly Claims Report
    The advance number of actual initial claims under state programs, unadjusted, totaled 371,004 in the week ending Oct. 2,
     
  2. Pepe
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    Pepe Senior Member

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    No one trusts these numbers put forth by the Imperial Mandarins.

    Credit is still contracting in our fiat credit-based financial system which will lead to higher UE in the future.

    Those nice Imperial Mandarins do NOT count those whose Benefits have been exhausted and fall off the back end each week.

    I like the numbers from Jim Williams over at SGS as do many of the Fortune 500.

    [​IMG]
     
  3. Neubarth
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    Neubarth At the Ballpark July 30th

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    Remember, Pepe, these are just the NEW weekly Unemployment Insurance claims. Essentially people who had long term jobs a few weeks ago who got around to filing for Unemployment Insurance (UI) in the past week. The numbers are sent in by the 50 states and PR and DC and tabulated by the Federal Government which then fools around with the numbers and releases totally bogus numbers each week.

    The fact remains that half a million each week are filing, and the economy is still crashing. It is slow motion, but it is crashing just the same. All the government does is constantly lie about it.

    As we get closer to the elections, the party in power will lie more and more and more about the actual conditions.
     
  4. xotoxi
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    xotoxi Platinum Member

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  5. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    Everybody should just retire like I did and stay home and rarely ever go out to bother people.
     

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