| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Initial Unemployment Claims Increase, But Trend of Improvement Is Intact
by Lee Adler, Wall Street Examiner
This post is excerpted from the permanent Employment Charts page, which includes numerous additional charts and analysis on key employment metrics.
The Labor Department reported that the seasonally adjusted (SA) representation of first time claims for unemployment fell by 5,000 to 366,000 from a revised 371,000 (was 368,000) in the advance report for the week ended February 2, 2013. Actual, unadjusted claims as counted by the 50 states rose by 16,696.
The headline number was slightly worse than the consensus median estimate of 360,000 reported by major business media. Seasonal adjustment remains a haphazard and arbitrary process that always yields a fictitious number. Read more »
2013-02-10 01:17:02
Source:
