Initial jobless claims

Initial Unemployment Claims were 372,000 for December 31st, 2011

Initial weekly unemployment claims for the week ending on December 31st, 2011 were 372,000. The DOL reports this as a decrease of 15,000 from last week. The previous report, two weeks ago due to the holiday, was revised, from 387,000 from 381,000, an increase of 6,000. Initial unemployment claims are well below the magic 400,000 number, which indicates any job growth.

A Return to 2008 Levels - Initial Unemployment Claims were 366,000 for week of December 10th, 2011

Initial weekly unemployment claims for the week ending on December 10th, 2011 were 366,000. The DOL reports this as a decrease of 19,000 from last week. The previous week was revised, from 381,000 to 385,000, an increase of 4,000. The week of May 31st, 2008, initial unemployment claims were 365,000, which makes today's initial claims a 3 and a half year low.

Initial Unemployment Claims for week of December 3rd, 2011 were 381,000

Initial weekly unemployment claims for the week ending on December 3rd, 2011 were 381,000. The DOL reports this as a decrease of 23,000 from last week. The previous week was revised, from 402,000 to 404,000, an increase of 2,000. Initial unemployment claims are breaking the magic 400,000 number and this week makes a 10 month low.

390,000 Initial Unemployment Claims for Week of November 5th

Initial weekly unemployment claims for the week ending on November 5th, 2011 were 390,000. The DOL reports this as a decrease of 10,000 from the last week. The previous week was revised, from 397,000 to 400,000, an increase of 3,000. Still, initial unemployment claims are breaking 400,000 and this is a 7 month low.

 

Initial weekly unemployment claims for July 23, 2011

Initial weekly unemployment claims decreased to 398,000, the first time initial claims has dropped below 400,000 since April. That said, last week was revised up from 418,000 to 422,000. The 4 week moving average is 413,750, but declined 8,500 from last week's 422,250. A weekly average above 400,000 does not indicate job growth.

 

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