UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

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<strong>UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT



SEASONALLY ADJUSTED DATA</strong>



In the week ending Jan. 17, the advance figure for seasonally adjusted initial claims was 589,000, an increase of 62,000 from the previous week's revised figure of 527,000. The 4-week moving average was 519,250, unchanged from the previous week's revised average of 519,250.



The advance seasonally adjusted insured unemployment rate was 3.4 percent for the week ending Jan. 10, unchanged from the prior week's unrevised rate of 3.4 percent.



The advance number for seasonally adjusted insured unemployment during the week ending Jan. 10 was 4,607,000, an increase of 97,000 from the preceding week's revised level of 4,510,000. The 4-week moving average was 4,559,750, an increase of 58,750 from the preceding week's revised average of 4,501,000.



<strong>UNADJUSTED DATA</strong>



The advance number of actual initial claims under state programs, unadjusted, totaled 768,858 in the week ending Jan. 17, a decrease of 187,905 from the previous week. There were 415,149 initial claims in the comparable week in 2008.



The advance unadjusted insured unemployment rate was 4.2 percent during the week ending Jan. 10, a decrease of 0.2 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,638,630, a decrease of 211,240 from the preceding week. A year earlier, the rate was 2.5 percent and the volume was 3,272,000.





Extended benefits were available in North Carolina, Oregon, and Rhode Island during the week ending Jan. 3.



Initial claims for UI benefits by former Federal civilian employees totaled 2,605 in the week ending Jan. 10, an increase of 1,171 from the prior week. There were 2,316 initial claims by newly discharged veterans, an increase of 773 from the preceding week.



There were 21,070 former Federal civilian employees claiming UI benefits for the week ending Jan. 3, an increase of 1,378 from the previous week. Newly discharged veterans claiming benefits totaled 26,958, an increase of 1,068 from the prior week.



States reported 2,091,706 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Jan. 3, an increase of 425,928 from the prior week.



The highest insured unemployment rates in the week ending Jan. 3 were in Michigan (7.5 percent), Oregon (7.5), Idaho (6.7), Wisconsin (6.7), Pennsylvania (6.6), Indiana (5.7), Kentucky (5.7), North Carolina (5.7), South Carolina (5.6), and Rhode Island (5.5).



The largest increases in initial claims for the week ending Jan. 10 were in Michigan (+34,639), California (+22,573), Florida (+20,658), North Carolina (+15,637), and Pennsylvania (+13,848), while the largest decreases were in South Carolina (-2,682), Massachusetts (-1,882), New York (-1,852), Iowa (-1,593), and Oregon (-856).
 
[quote author="usctrojanman29" date=1227362747][quote author="tenmagnet" date=1227339829][quote author="usctrojanman29" date=1227237858]



Thanks for posting up cutie. </blockquote>




My advice?

Give it up!

You must have lived at home while you went to SC.

That was weak!

I expected more from you.</blockquote>
Haha I did live at home, in the condo that I just sold when I was going to USC grad school. ;) I did live up in Westwood when I was going to UCLA for my undergrad.</blockquote>


Shouldn't your name be BruinMan29?
 
[quote author="CapitalismWorks" date=1232690070][quote author="usctrojanman29" date=1227362747][quote author="tenmagnet" date=1227339829][quote author="usctrojanman29" date=1227237858]



Thanks for posting up cutie. </blockquote>




My advice?

Give it up!

You must have lived at home while you went to SC.

That was weak!

I expected more from you.</blockquote>
Haha I did live at home, in the condo that I just sold when I was going to USC grad school. ;) I did live up in Westwood when I was going to UCLA for my undergrad.</blockquote>


Shouldn't your name be BruinMan29?</blockquote>
It guess it should be BrojanMan29...haha
 
Haha I did live at home, in the condo that I just sold when I was going to USC grad school. ;) I did live up in Westwood when I was going to UCLA for my undergrad.</blockquote>


Sorry to hear that you went over to the dark side. I'd always enjoyed your posts until now; guess you'll make the "ignore" list, traitor! :)
 
Sorry to hear that 24... :down:



I've been between jobs before... but, have never taken unemployment.







How about everyone else?



When in between jobs, do you take unemployment benefits?
 
[quote author="Girl In the OC" date=1233387790]Sorry to hear that 24... :down:



I've been between jobs before... but, have never taken unemployment.







How about everyone else?



When in between jobs, do you take unemployment benefits?</blockquote>


I have always applied the same day as i am laid off.
 
[quote author="OCCOBRA" date=1233470436][quote author="Girl In the OC" date=1233387790]Sorry to hear that 24... :down:



I've been between jobs before... but, have never taken unemployment.







How about everyone else?



When in between jobs, do you take unemployment benefits?</blockquote>


I have always applied the same day as i am laid off.</blockquote>
Ditto here, I applied the afternoon I got laidoff.
 
<strong>UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT



SEASONALLY ADJUSTED DATA</strong>



In the week ending Jan. 31, the advance figure for seasonally adjusted initial claims was 626,000, an increase of 35,000 from the previous week's revised figure of 591,000. The 4-week moving average was 582,250, an increase of 39,000 from the previous week's revised average of 543,250.



The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending Jan. 24, unchanged from the prior week's unrevised rate of 3.6 percent.



The advance number for seasonally adjusted insured unemployment during the week ending Jan. 24 was 4,788,000, an increase of 20,000 from the preceding week's revised level of 4,768,000. The 4-week moving average was 4,672,000, an increase of 44,000 from the preceding week's revised average of 4,628,000.

<strong>

UNADJUSTED DATA</strong>



The advance number of actual initial claims under state programs, unadjusted, totaled 676,590 in the week ending Jan. 31, an increase of 56,478 from the previous week. There were 380,138 initial claims in the comparable week in 2008.



The advance unadjusted insured unemployment rate was 4.3 percent during the week ending Jan. 24, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,793,331, an increase of 62,724 from the preceding week. A year earlier, the rate was 2.5 percent and the volume was 3,344,396.





Extended benefits were available in North Carolina, Oregon, and Rhode Island during the week ending Jan. 17.



Initial claims for UI benefits by former Federal civilian employees totaled 1,586 in the week ending Jan. 24, a decrease of 252 from the prior week. There were 2,719 initial claims by newly discharged veterans, an increase of 498 from the preceding week.



There were 20,857 former Federal civilian employees claiming UI benefits for the week ending Jan. 17, an increase of 632 from the previous week. Newly discharged veterans claiming benefits totaled 26,742, a decrease of 477 from the prior week.



States reported 1,738,162 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Jan. 17, an increase of 19,476 from the prior week.



The highest insured unemployment rates in the week ending Jan. 17 were in Michigan (8.9 percent), Idaho (6.6), Oregon (6.6), Pennsylvania (6.2), South Carolina (6.0), Wisconsin (6.0), Alaska (5.6), Nevada (5.5), Indiana (5.4), and Montana (5.3).



The largest increases in initial claims for the week ending Jan. 24 were in Wisconsin (+1,355), Rhode Island (+689), Virginia (+682), Oklahoma (+406), and Puerto Rico (+314), while the largest decreases were in Florida (-14,703), California (-12,074), Michigan (-11,639), Georgia (-9,949), and Ohio

(-9,926).
 
<a href="http://www.msnbc.msn.com/id/29050656/">Employers cut 598,000 jobs in January, worst month since 1974</a>



<blockquote>Friday's data from the Labor Department was a laundry list of misery milestones: The most jobs lost in one month since 1974, the highest unemployment rate since 1992, the largest one-month drop in factory jobs since 1982 and the most jobs lost in 12 months since the goverment began keeping records in 1939.



Recession-battered employers eliminated a net 598,000 jobs in January, the most since the end of 1974. That was much worse than the 524,000 that economists expected. Job reductions in November and December also were deeper than previously reported.







With cost-cutting employers in no mood to hire, the unemployment rate bolted to 7.6 percent in January, the highest since September 1992. The increase in the jobless rate from 7.2 percent in December also was worse than the 7.5 percent rate economists expected.



All told, the economy has lost a staggering 3.6 million jobs since the start of the recession in December 2007. About half of the decline has occurred in the past three months.



"Companies are in survival mode and are really cutting to the bone," said economist Ken Mayland, president of ClearView Economics. "They are cutting and cutting hard now out of fear of an uncertain future."



Factories slashed 207,000 jobs in January, the largest one-month drop since October 1982, partly reflecting heavy losses at plants making autos and related parts. Construction companies got rid of 111,000 jobs. Professional and business services chopped 121,000 positions. Retailers eliminated 45,000 jobs. Leisure and hospitality axed 28,000 slots. </blockquote>


<blockquote>With fallout from the housing, credit and financial crises ? the worst since the 1930s ? ripping through the economy, analysts predict up to 3 million jobs will vanish this year ? even if Congress quickly approves the stimulus measure. </blockquote>
 
If that graph alone doesn't convince people that we are in a significantly different type of recession and that all hell is going to break loose in the next few months, I don't know what will!
 
The graph is misleading in that the past two recessions were pretty mild. If you want to say it's something really different, you should compare to 74-75. You'd have to adjust for the increased size of the labor force as well.
 
[quote author="tmare" date=1234152485]If that graph alone doesn't convince people that we are in a significantly different type of recession and that all hell is going to break loose in the next few months, I don't know what will!</blockquote>


IMF Says Advanced Economies Already in Depression

<A href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a6aaWZ8ab8yU&refer=home">http://www.bloomberg.com/apps/news?pid=20601087&sid=a6aaWZ8ab8yU&refer=home</A>
 
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