The increase of 4,000 jobless claims on a seasonally adjusted basis followed a decline of 22,000 in claims applications in the previous week. The increase came in the week that included the Labor Day holiday, meaning that unemployment offices had one less day to process claims..................Oop’s we forgot to include this tidbit of info. Coulda been 5,000 or 10,000 if not for the holiday. Will we ever know ? Incidently is there a way to determine exactly why 22,000 stopped receiving benefits the following week ?. Is it because they all found jobs or because they exhausted their benefits ?-————————————————1. The state data is not adjusted for seasonal variations.
2. The data doesn’t include workers with exhausted unemployment benefits
3. the data excludes people that have given up hope of finding work
4. the data doesn’t reflect the state to state population shift
5. the data retreived only from manufacturing sector
6. the data shows service sector declines
Any idea why they don’t include ALL the data ?