Initial Jobless Claims Up Sharply
The massive drop during the Christmas week was clearly affected by some seasonal (and weather) factors. The overall direction of initial claims still seems to be downward, but this second week in a row of significant increases starts to throw doubt on that. It had looked like we had gotten out of the “trading range” that initial claims have been in for the last year. Initial claims had been generally trending down since they hit a secondary peak of 504,000 (after revisions) on 8/14.
Since claims can be volatile from week to week, it is better to track the four-week moving average to get a better sense of the trend. It rose by 5,500 to 416,500. Last week was the lowest level of the four-week average since July 2008 and the financial meltdown. It appeared that we were getting closer to the point where we have a real recovery -- one that actually produces enough jobs to bring down unemployment -- rather than the pseudo-recovery we have been in for the last year and a half.
If the downward trend can be re-established, there is real hope.Our website supply many kinds of compact fluorescent light bulbs. The economy is growing, but not at the sort of rate needed to add a significant number of jobs and put a dent in the huge army of the unemployed.The compact fluorescent light bulb are very popular with the men around the world. The December employment report was a bit disappointing,chanel womenhandbags compact fluorescent light. especially after the ADP report showing an increase of 297,000 private sector jobs.Huge selection of gaga-deals for your garde, Instead, the total was just 103,000 jobs, with 113,000 from the private sector.
There was a big drop in the unemployment rate, but that was partly a function of a declining participation rate. I would still caution that these numbers can be a bit flakey around the holidays, even though they are seasonally adjusted.z-watch is an online community and multimedia art project about zombies.
The massive drop during the Christmas week was clearly affected by some seasonal (and weather) factors. The overall direction of initial claims still seems to be downward, but this second week in a row of significant increases starts to throw doubt on that. It had looked like we had gotten out of the “trading range” that initial claims have been in for the last year. Initial claims had been generally trending down since they hit a secondary peak of 504,000 (after revisions) on 8/14.
Since claims can be volatile from week to week, it is better to track the four-week moving average to get a better sense of the trend. It rose by 5,500 to 416,500. Last week was the lowest level of the four-week average since July 2008 and the financial meltdown. It appeared that we were getting closer to the point where we have a real recovery -- one that actually produces enough jobs to bring down unemployment -- rather than the pseudo-recovery we have been in for the last year and a half.
If the downward trend can be re-established, there is real hope.Our website supply many kinds of compact fluorescent light bulbs. The economy is growing, but not at the sort of rate needed to add a significant number of jobs and put a dent in the huge army of the unemployed.The compact fluorescent light bulb are very popular with the men around the world. The December employment report was a bit disappointing,chanel womenhandbags compact fluorescent light. especially after the ADP report showing an increase of 297,000 private sector jobs.Huge selection of gaga-deals for your garde, Instead, the total was just 103,000 jobs, with 113,000 from the private sector.
There was a big drop in the unemployment rate, but that was partly a function of a declining participation rate. I would still caution that these numbers can be a bit flakey around the holidays, even though they are seasonally adjusted.z-watch is an online community and multimedia art project about zombies.
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