Unemployment Claims all the way DOWN to 380,000

Discussion in 'Economy' started by Neubarth, Aug 26, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Unemployment claims are almost back to normal. Praise Obama.


    UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT


    UNADJUSTED DATA

    The advance number of actual initial claims under state programs, unadjusted, totaled 380,935 in the week ending Aug. 21, a decrease of 23,613 from the previous week.

    SEASONALLY ADJUSTED DATA

    In the week ending Aug. 21, the advance figure for seasonally adjusted initial claims was 473,000, a decrease of 31,000 from the previous week's revised figure of 504,000. The 4-week moving average was 486,750, an increase of 3,250 from the previous week's revised average of 483,500.

    The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Aug. 14, 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 Aug. 14 was 4,456,000, a decrease of 62,000 from the preceding week's revised level of 4,518,000. The 4-week moving average was 4,508,750, a decrease of 28,000 from the preceding week's revised average of 4,536,750.

    The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.001 million.

    UNADJUSTED DATA

    The advance number of actual initial claims under state programs, unadjusted, totaled 380,935 in the week ending Aug. 21, a decrease of 23,613 from the previous week.
     
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    Obviously what we are seeing here is an example of the greatest Presidential leadership in American History. All Praise Obama. He is the greatest in the world.
     
  3. JWBooth
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    JWBooth Gold Member

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    These are new claims, so only the normal number of folks lost their jobs in this reporting period. I dunno, since the new normal ain't all that wonderful I can't see a reason to get very excited.
     
  4. loosecannon
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    loosecannon Senior Member

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    Praise Obama anyway.
     
  5. uscitizen
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    uscitizen Senior Member

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    Obama has cancelled the month of November this year due to global warming.
     
  6. loosecannon
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    loosecannon Senior Member

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    That's because he is a visionary leader like Ahrnold, who cancelled the last 3 days of each month to reduce the state deficit.

    Praise Obama!
     
  7. edthecynic
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    edthecynic Censored for Cynicism

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    Stimulus Boosted Jobs in 2nd Quarter, CBO Says - WSJ.com

    AUGUST 24, 2010, 9:14 P.M. ET
    Stimulus Boosted Jobs in 2nd Quarter, CBO Says

    By JARED A. FAVOLE

    WASHINGTON—The nonpartisan Congressional Budget Office said Tuesday the Obama administration's economic-stimulus plan has increased the number of employed Americans by between 1.4 million to 3.3 million during the second quarter.

    The CBO, in a report released Tuesday, said the Obama administration's American Recovery and Reinvestment Act has lowered the unemployment rate by up to 1.8% and raised the level of gross domestic product by up to 4.5%.
     
  8. Toro
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    Toro Diamond Member

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    The number "beat" economists' forecasts but it still is a poor number.
     
  9. elvis
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    elvis BANNED Supporting Member

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    Wait. I thought Newbarf swore up and down we were on the verge or financial and literal armageddon.
     
  10. Toro
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    Toro Diamond Member

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    Neubarth has changed his online personae. He is now a die-hard liberal.
     

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