Tag Archives: Jobless claims

Jobless claims, Jobs created, Jobs lost, Stuart Varney, Fox News, Obama administration Orwellian lies

Jobless claims, Jobs created, Jobs lost, Stuart Varney, Fox News

“The past is whatever the records and the memories agree upon.
And since the party is in full control of all records, and in
equally full control of the minds of it’s members, it follows
that the past is whatever the party chooses to make it. Six
means eighteen, two plus two equals five, war is peace,
freedom is slavery, ignorance is strength.”…George Orwell, “1984″

The Jobless Claims report was just announced this morning, July 15, 2010. Stuart Varney was just on Fox News speaking about the lies being told by the Obama Administration about jobs created. Varney, as always, cut through the Orwellian crap. Here is a recent video of Varney at work.

From the US Labor Department Jobless Claims Report.

“In the week ending July 10, the advance figure for seasonally adjusted initial claims was 429,000, a decrease of 29,000 from the previous week’s revised figure of 458,000. The 4-week moving average was 455,250, a decrease of 11,750 from the previous week’s revised average of 467,000.”

“The advance number for seasonally adjusted insured unemployment during the week ending July 3 was 4,681,000, an increase of 247,000 from the preceding week’s revised level of 4,434,000. The 4-week moving average was 4,581,250, an increase of 22,000 from the preceding week’s revised average of 4,559,250. “

Read more:

http://citizenwells.com/2010/07/15/july-15-2010-jobless-claims-initial-claims-429000-decrease-of-29000-seasonally-adjusted-insured-unemployment-4681000/

Anybody else see a problem with those numbers above?

Jobless claims, May 13, 2010, US Department of Labor, Seasonally adjusted initial claims decrease 4000, Seasonally adjusted insured unemployment rises 12000, Emergency Unemployment Compensation claims decrease

Jobless claims, May 13, 2010, US Department of Labor

From the US Department of Labor, May 13, 2010.
“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

          SEASONALLY ADJUSTED DATA

In the week ending May 8, the advance figure for seasonally adjusted initial claims was 444,000, a decrease of 4,000 from the previous week’s revised figure of 448,000. The 4-week moving average was 450,500, a decrease of 9,000 from the previous week’s revised average of 459,500.

The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending May 1, unchanged from the prior week’s unrevised rate of 3.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending May 1 was 4,627,000, an increase of 12,000 from the preceding week’s revised level of 4,615,000. The 4-week moving average was 4,639,500, a decrease of 14,750 from the preceding week’s revised average of 4,654,250.

The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.174 million. 

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 407,267 in the week ending May 8, an increase of 11,132 from the previous week. There were 570,412 initial claims in the comparable week in 2009.

The advance unadjusted insured unemployment rate was 3.5 percent during the week ending May 1, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 4,515,632, a decrease of 140,708 from the preceding week. A year earlier, the rate was 4.6 percent and the volume was 6,191,149.
Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin during the week ending April 24.

Initial claims for UI benefits by former Federal civilian employees totaled 1,300 in the week ending May 1, an increase of 86 from the prior week. There were 2,289 initial claims by newly discharged veterans, a decrease of 97 from the preceding week.

There were 18,944 former Federal civilian employees claiming UI benefits for the week ending April 24, a decrease of 267 from the previous week. Newly discharged veterans claiming benefits totaled 36,699, a decrease of 500 from the prior week.

States reported 5,137,385 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending April 24, a decrease of 216,874 from the prior week. There were 2,156,516 claimants in the comparable week in 2009. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending April 24 were in Alaska (6.6 percent), Puerto Rico (6.3), Oregon (5.8), Nevada (5.1), California (4.9), Pennsylvania (4.8), Wisconsin (4.8), Montana (4.7), North Carolina (4.6), Rhode Island (4.6), Connecticut (4.5), and Idaho (4.5).

The largest increases in initial claims for the week ending May 1 were in New York (+4,021), Kentucky (+1,015), Pennsylvania (+773), Illinois (+611), and Tennessee (+609), while the largest decreases were in California (-18,546), Massachusetts (-3,628), Indiana (-3,242), Michigan (-1,748), and Florida
(-1,291).”

 http://www.dol.gov/opa/media/press/eta/ui/current.htm

Jobless claims, March 19, 2010, Small decline, Little evidence companies are ready to hire, 457,000 from 462,000, Economists predicted 455,000

Jobless claims, March 19, 2010, Small decline

From Market Watch, March 18, 2010.

“Weekly jobless claims decline 5,000 to 457,000″

“The number of people applying for unemployment benefits fell by 5,000 in the latest week, marking the third straight drop, but there’s little evidence companies are ready to hire at a pace that would sharply reduce the nation’s high jobless rate.
In the week ended March 13, initial claims dropped to a seasonally-adjusted 457,000 from 462,000 in the prior week, the Labor Department said Thursday. Economists surveyed by MarketWatch predicted claims would subside to 455,000. See our complete economic calendar.
The four-week average of initial claims — a better gauge of employment trends than the volatile weekly number — fell by 4,250 to 471,250.”

“”Claims first reached their current level nearly four months ago, in late November, and the lack of progress since then is disconcerting,” Ian Shepherdson of High Frequency Economics wrote in an email.

Many companies are leery of hiring new workers until they see demand pick up. Some are also awaiting the outcome of legislative battles in Washington over issues such as health care, energy and taxes. Major changes in those arenas could significantly impact the cost of hiring new workers.

Jobless claims “are not yet at levels typically associated with payroll growth,” John Ryding of RDQ Economics said. Ryding estimates weekly claims would have to fall to 400,000 or lower to signify a hiring trend.

Meanwhile, the number of people who continue to get regular state unemployment checks rose by 12,000 to a seasonally-adjusted 4.58 million in the week ended March 6. That’s the most recent data available.”

Read more:

http://www.marketwatch.com/story/weekly-jobless-claims-decline-5000-to-457000-2010-03-18?dist=afterbell

Jobless claims, March 4 2010, Jobless claims fall, Total beneficiaries rise, Number of people out of work more than six months surged

Jobless claims, March 4 2010

From The Wall Street Journal Market Watch, March 4, 2010.

“Jobless claims fall 29,000 to 469,000″

“The number of people filing for initial unemployment benefits declined by 29,000 in the week ending Feb. 27 to a seasonally adjusted 469,000, the Labor Department reported Thursday.”

“Initial claims in the most recent week were about 8% higher than at the beginning of the year. Economists who follow the data aren’t sure if the increase reflects a weaker job market or is due primarily to non-economic factors, such as weather or backlogs.

The four-week average of initial claims — a better gauge of the trend than the volatile weekly number – fell by 3,500 to 470,750. Read the full report on the Labor Department website.

Meanwhile, the number of people receiving regular state jobless benefits declined by 134,000 in the week of Feb. 20 to a seasonally adjusted 4.5 million, the lowest in a year. More than half of the people who get state jobless benefits ultimately lose their eligibility, usually after 26 weeks, before finding a job.

The number of people who’ve been out of work for more than six months has surged during this recession to a record 6.3 million in January, accounting for 41% of the 14.8 million people officially classified as unemployed, according to monthly data previously released.”

Read more:

http://www.marketwatch.com/story/jobless-claims-fall-29000-to-469000-2010-03-04

Real unemployment rate, February 6 2010, Jobless claims, More jobs lost, Government surveys, Americans not looking for jobs

“And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″


Yesterday, February 5, 2010, we reported that the supposed latest unemployment rate is 9.7 %, while at the same time unemployment claims rose again for the last week.

“The unemployment rate dropped from 10 percent because a survey of households found the number of employed Americans rose by 541,000, the Labor Department said Friday. The job losses are calculated from a separate survey of employers.

The department also revised its past employment estimates to show that job losses from the Great Recession have been much worse than previously stated. The economy has shed 8.4 million jobs since the downturn began in December 2007, up from a previous figure of 7.2 million.

That’s the most jobs lost in any recession, as a percent of total employment, since World War II.”

“The Labor Department says unemployment claims rose 8,000 to a seasonally adjusted 480,000 last week. Economists had predicted claims would drop to 460,000.”

“Stock futures weakened Thursday as a rise in weekly jobless claims damped hopes about a key employment report Friday.”
Real unemployment rate?

From Fox News, February 05, 2010

“The Real Story Behind Our Unemployment Numbers”

“A slight improvement in the jobless rate but what is the government hiding about the picture for most of 2009?”

“Most people seem to believe that the number of Americans with jobs is a clearly identifiable number. All you do is count up the number of people with jobs. Unfortunately, that isn’t the way it works. The number reported each month is based on surveys, and surveys have can often have problems. As it turns out, the surveys estimating the number of people with jobs reported over the last couple of years suffered from some really big problems. The economy actually lost about 824,000 more jobs during the recession than we previously thought.
But those adjustments have so far only been made through March 2009, and there are strong reasons to believe that the survey data since then also needs to be adjusted downward.
There are two ways economists measure the number of jobs, the establishment survey that asks about 370,000 employers how many people they are employing and the household survey that asks about 110,000 people each month whether they are working. The establishment survey is often given more weight because about 40 million Americans work for the companies surveyed, a lot more than the 110,000 people interviewed in the other survey. But 110,000 people still make up a huge sample (remember that a big survey for a presidential election might involve 2,000 people), and it is hard to ignore its results. The household survey is also what is used to calculate the unemployment rate.”

“These recent errors are quite large. The error in estimating the number of jobs from April 2008 to March 2009 was 10 times greater than the average error over the preceding eight years. What does this mean in terms of jobs? Normally the government would underestimate the number of new jobs by 80,000 and this time it was overestimating them by about 800,000.”

Read more:

http://www.foxnews.com/opinion/2010/02/05/john-lott-unemployment-jobs-bureau-labor-statistics-grim/

Do the government numbers “smell right” to you?