September 15, 2011

Unemployment Claims: 428K SA, Up from Previous Week’s Upwardly Revised 417K; NSA Claims Only 5% Below 2010

Filed under: Economy,Taxes & Government — Tom @ 8:45 am

From the Department of Labor — Ouch:

SEASONALLY ADJUSTED DATA

In the week ending September 10, the advance figure for seasonally adjusted initial claims was 428,000, an increase of 11,000 from the previous week’s revised figure of 417,000. The 4-week moving average was 419,500, an increase of 4,000 from the previous week’s revised average of 415,500. …

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 325,999 in the week ending September 10, a decrease of 22,495 from the previous week. There were 341,791 initial claims in the comparable week in 2010.

More shortly.

UPDATE: Grim –

UnempClaims4wkMovingAvg091011

UPDATE 2: Expectations and media reax roundup –

  • Business Insider’s email — 412K
  • Bloomberg — 411K, with an “unexpectedly” sighting.
  • Reuters — 410K, with an “unexpectedly” sighting, and a “surprise” headline (“Jobless claims post surprise increase last week”)
  • AP’s reax — “It’s a sign that the job market remains depressed.” Ya don’t say?

But taxing “the rich” will solve all of this. (/sarc).

UPDATE 3: Blog reax –

  • Ed Morrissey at Hot Air: ” I’d guess that the economy may have slowed even further in Q3 than Q2, and since we’re at 1% GDP growth in Q2, that’s bad news for the US and the Obama administration.”
  • Zero Hedge (analyst’s reax to unemployment claims and other weak data coming out today): “We got a lot of data that cannot be spun in any way other than we are continuing to see weakness, we are continuing to see a complete dearth of growth and frankly, it’s not a surprise.”
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2 Comments

  1. Tom, have you seen this one?

    http://www.massresistance.org/docs/marriage/romney/timeline.html

    Timeline Documents Romney’s Role in Creating Same-Sex “Marriages”

    POSTED: Nov. 23, 2006

    Compiled by Amy Contrada

    Comment by Greg — September 15, 2011 @ 6:06 pm

  2. #1, uh, yeah. Somewhat (/understatement).

    My Romney key posts:
    - HERE (three year-old prediction about RomneyCare)
    - HERE (How Romney has violated Constitutions in many areas)
    - HERE (the post on gay marriage and his unfitness to be president)
    - HERE (1994 and Planned Parenthood)
    - HERE (Romney lies about Reagan and abortion)
    - HERE (a definitive post index) through Jan. 8, 2008
    - HERE (Romney and National Security)

    The people at Mass Resistance and several other individuals out east, in Iowa, and elsewhere cranking out emails are the real heroes of the 2008 primaries, stopping Romney when it was thought that he would win in a cakewalk in the Fall of 2007. There was enough of a carryforward to prevent Romney from becoming McCain’s running mate, which would have caused McCain to lose by 12 instead of 7.

    What Mitt Romney did in MA in reaction to Goodridge is THE reason why SSM is on the verge of becoming legal nationwide without EVER being approved by a vote of the people in ANY state, including California.

    Comment by TBlumer — September 15, 2011 @ 8:14 pm

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