Posted on 02/04/2010 9:16:57 AM PST by BobMcCartyWrites
Straight from the horse's mouth, I offer the latest unemployment claims figures from the U.S. Department of Labor:
In the week ending Jan. 30, the advance figure for seasonally adjusted initial claims was 480,000, an increase of 8,000 from the previous week's revised figure of 472,000. The 4-week moving average was 468,750, an increase of 11,750 from the previous week's revised average of 457,000.
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Jan. 23, unchanged from the prior week's unrevised rate of 3.5 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Jan. 23 was 4,602,000, an increase of 2,000 from the preceding week's revised level of 4,600,000. The 4-week moving average was 4,617,500, a decrease of 51,250 from the preceding week's revised average of 4,668,750.
The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.362 million.
What do all these numbers mean? Seeking Alpha offers this take (plus a lot of great charts):
Currently there are some 5.6 million people receiving federal extended unemployment benefits.
Taken together with the latest 5.79 million people that are currently counted as receiving traditional continued unemployment benefits, there are well over 11 million people on state and federal unemployment rolls.
Welcome to the "Land of Hope and Change."
1/09: “Yes we can!”
1/10: “Don’t blame me!”
WAY TO GO, OBAMMY!!!! THE HOPE AND CHANGE IS WORKING GREAT, I SEE
I will consider it a miracle if we don’t fold before this clown is removed from office.
In after “unexpected”
:-(
“Always with the “Unexpected””
Most popular words with the news media and administration:
Unforeseen
Unforeseeable
Unexpected
Surprise
Surprising
Of course, when you have absolutely no clue, everything is “surprising”.
Regardless of what the the SRM and the goobermint says......we are entering another depression. The rate of commercial real estate defaults will son quickly pick up speed.
unexpected BUMP !
How ‘Unexpected”
Why, it’s
Un
President
Ed...
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