Posted on 09/18/2003 5:51:28 AM PDT by Starwind
U.S. jobless claims fell in latest week
Thursday September 18, 8:28 am ET
WASHINGTON, Sept. 18 (Reuters) - U.S. Labor Department
report of initial state jobless benefit claims, seasonally
adjusted.
Week Ended Initial Claims 4-Week Avg. Continued Claims
09/13/03 399,000 410,750 Unavailable
09/06/03 428,000-r 408,750-r 3,683,000
08/30/03 419,000-r 402,750 3,644,000-r
08/23/03 397,000 397,000 3,607,000-r
r-revised
REVISIONS:
INITIAL CLAIMS: Sept 6 from 422,000; Aug 30 from 419,000
FOUR-WEEK AVG: Sept 6 from 407,250; Aug 30 from 402,750
CONTINUED CLAIMS: Aug 30 from 3,672,000; Aug 23 from
3,611,000
STATES WITH DECREASE IN CLAIMS OF MORE THAN 1,000:
There were three states that reported a decrease in claims
of more than 1,000 in the week ended Sept. 6, the latest period
for which data are available. They were:
California -4,916
Kentucky -2,594
Indiana -1,024
STATES WITH INCREASE IN MORE THAN 1,000:
There were six states that reported an increase in claims
of more than 1,000 in the week ended Sept. 6, the latest period
for which data are available. Among the largest were:
Pennsylvania 3,526
Michigan 2,992
North Carolina 2,773
FORECAST:
Reuters survey of U.S. economists forecast:
U.S. jobless claims 410,000 in the week ended Sept. 13
Notes:
The insured unemployment rate, a measurement of the work
force receiving unemployment benefits, was 2.9 percent in the
week ended Sept. 6, unchanged from 2.9 percent the prior week.
The department said 805,795 individuals filed for the
government program that extended unemployment benefits in the
week ended Aug. 30, down from 836,950 in the prior week.
California said it had fewer layoffs in the trade industry.
Michigan, Indiana and Kentucky had no comment.
Pennsylvania said it had layoffs in the construction,
primary metals, industrial machinery, transportation equipment
and manufacturing industries.
North Carolina said it had layoffs in the textile industry.
Week Initial 4-Week Continuing Insured
Ended Claims Change Moving Claims Change Jobless
(000) (000) Average (000) (000) Rate
Sep 13 399 -29 410,750 N/A N/A N/A
Sep 6 428r 9 408,750r 3,683 39 2.9%
Aug 30 419r 22 402,750 3,644r 37 2.9%
Aug 23 397 6 397,000 3,607r -27 2.9%
Aug 16 391 -13 395,750 3,634 4 2.9%
Aug 9 404 8 395,750 3,630 2 2.9%
Aug 2 396 4 398,500 3,628 -30 2.9%
Jul 26 392 1 409,750 3,658 40 2.9%
Jul 19 391 -24 420,500 3,618 35 2.9%
Jul 12 415 -26 424,750 3,583 -59 2.8%
Jul 5 441 6 427,500 3,642 -138 2.9%
Jun 28 435 27 426,000 3,780 52 3.0%
Jun 21 408 -18 429,250 3,728 12 2.9%
Jun 14 426 -9 433,500 3,716 18 2.9%
Jun 7 435 -13 435,250 3,698 -81 2.9%
May 31 448 23 431,750 3,779 99 3.0%
May 24 425 -8 427,250 3,680 -40 2.9%
May 17 433 12 434,250 3,720 43 2.9%
May 10 421 -9 440,750 3,677 -57 2.9%
May 3 430 -23 447,250 3,734 91 2.9%
Apr 26 453 -6 442,750 3,643 -13 2.9%
Apr 19 459 12 440,250 3,656 94 2.9%
Apr 12 447 35 426,000 3,562 20 2.8%
Apr 5 412 -31 421,250 3,542 54 2.8%
Mar 29 443 41 423,250 3,488 -64 2.8%
Mar 22 402 -26 421,500 3,552 78 2.8%
Mar 15 428 8 424,000 3,474 -61 2.7%
Mar 8 420 -16 419,000 3,535 91 2.8%
Mar 1 436 24 408,500 3,444 -27 2.7%
Feb 22 412 4 399,000 3,471 102 2.7%
Feb 15 408 30 394,000 3,369 -62 2.7%
Feb 8 378 -20 389,000 3,431 120 2.6%
Feb 1 398 6 386,500 3,311 -124 2.7%
Jan 25 392 4 386,000 3,435 106 2.7%
Jan 18 388 20 388,000 3,329 -32 2.6%
Jan 11 368 -28 389,000 3,361 -15 2.6%
Jan 4 396 -4 402,250 3,376 -92 2.7%
Source: U.S. Department of Labor; Numbers reflect annual revisions to seasonal factors.
(MORE) Dow Jones Newswires
09-18-03 0830ET- - 08 30 AM EDT 09-18-03
Yep. The 'economists' predictions aren't doing too well of late, 'course this number may get revised upward next week, as have the last couple weeks.
You have misinterpreted the data. The report is that 29,000 fewer people than last week lost their jobs, or you could think of it as 29,000 more people kept the jobs they had.
But to say 29,000 people were hired i.e. 29,000 people who were out of work have now found jobs is false. This weekly report only covers UI claims for people who lost their jobs (layoffs).
Seems to be a lot of that going 'round lately. Yikes!
Richard W.
That's a dramatic increase. Wonder where all the business is suddenly coming from.
Richard W.
Not everyone wants to send allt their proprietary data abroad, so they've been sitting on projects. Now they have a few sheckles, and it's time to get it done.
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