Initial jobless claims

Initial weekly unemployment claims for June 18, 2011

Initial weekly unemployment claims increased to 429,000. While the DOL reports this is a increase of 9,000, last week was revised upward by 6,000, from 414,000 to 420,000. The 4 week moving average is 426,250. A weekly average above 400,000 does not indicate job growth and we now have a pattern of perpetual disaster for U.S. citizens trying to earn a living.

 

Initial weekly unemployment claims for June 11, 2011

Initial weekly unemployment claims decreased to 414,000. While the DOL reports this is a decrease of 16,000, last week was revised upward by 3,000, from 427,000 to 430,000. The 4 week moving average is 424,750, which is unchanged. A weekly average above 400,000 does not indicate job growth and we now have a pattern of perpetual disaster for U.S. citizens trying to earn a living.

 

Initial weekly unemployment claims for June 4, 2011

Initial weekly unemployment claims increased to 427,000, a 1,000 increase in a week. Additionally, last week was revised up to 426,000, from 422,000. The 4 week moving average is 424,000. A weekly average above 400,000 does not indicate job growth and we now have a pattern of initial unemployment insurance claims going backward, the wrong direction for jobs.

 

Initial weekly unemployment claims for April 2, 2011

Initial weekly unemployment claims decreased to 382,000 this week and last week was revised up to 395,250. The 4 week moving average dropped to 389,500, but is higher than the 4 week moving average from March 12th. Weekly unemployment claims seem to be hovering right above the job creation point of 375,000 per week now.

 

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