May 22, 2014

Initial Unemployment Claims (052214): 326K SA; Raw Claims 5.5% Below Same Week Last Year

Filed under: Economy,Taxes & Government — Tom @ 8:01 am

Predictions:
- Bloomberg — None found
- Business Insider — 310,000 seasonally adjusted claims

Seasonal Adjustment Factors:
- Week ended May 17, 2014 — 88.0
- Week ended May 18, 2013 — 88.2

Raw Claims:
- Week ended May 10, 2014 — 269,689 (before revision; UPDATE: revised to 270,952)
- Week ended May 18, 2013 — 303,357

For seasonally adjusted claims to come in at or below 310,000, raw claims will have to be 273,000 or below (273K divided by .88 is 310K, rounded). Given last week’s raw result, that should be doable.

We’ll see here at 8:30.

HERE IT IS (permanent link): This pretty much offsets last week’s good-news surprise —

SEASONALLY ADJUSTED DATA

In the week ending May 17, the advance figure for seasonally adjusted initial claims was 326,000, an increase of 28,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 297,000 to 298,000. The 4-week moving average was 322,500, a decrease of 1,000 from the previous week’s revised average. The previous week’s average was revised up by 250 from 323,250 to 323,500.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 286,590 in the week ending May 17, an increase of 15,638 (or 5.8 percent) from the previous week. The seasonal factors had expected a decrease of 8,644 (or -3.2 percent) from the previous week. There were 303,357 initial claims in the comparable week in 2013.

Share

1 Comment

  1. [...] Business Insider — 317,000 seasonally adjusted claims, down from 326,000 last week. [...]

    Pingback by BizzyBlog — May 29, 2014 @ 7:47 am

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.