May 29, 2014

Initial Unemployment Claims (052914): 300K SA

Filed under: Economy,Taxes & Government — Tom @ 7:47 am

Note: Post-release analysis will be deferred until after a review of today’s GDP release.

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Predictions:

Seasonal Adjustment Factors:

  • Week ended May 24, 2014 — 90.7
  • Week ended May 25, 2013 — 91.2

Raw Claims:

  • Week ended May 17, 2014 — 286,590 (before likely revision)
  • Week ended May 25, 2013 — 319,508

To meet or beat the Business Insider prediction, raw claims will need to be 289,000 or lower (289K divided by .912 is 317K, rounded). That would be barely more raw claims than the previous week.

The Department of Labor’s report will be here at 8:30.

UPDATE: The seasonally adjusted number is 300,000. More later.

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