{"id":361634,"date":"2010-02-25T08:33:00","date_gmt":"2010-02-25T13:33:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/jobless-claims-25-02-2010"},"modified":"2010-02-25T08:33:00","modified_gmt":"2010-02-25T13:33:00","slug":"new-jobless-claims-far-worse-than-expected","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/361634","title":{"rendered":"New Jobless Claims Far Worse Than Expected"},"content":{"rendered":"

The Department of Labor’s (DOL) measure of initial jobless claims for the week ending February 20th was reported today as a seasonally-adjusted 496,000 vs. an expected 460,000 from consensus.<\/p>\n

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DOL:<\/span><\/p>\n

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SEASONALLY ADJUSTED DATA<\/p>\n

In the week ending Feb. 20, the advance figure for seasonally adjusted initial claims was 496,000, an increase of 22,000 from the previous week’s revised figure of 474,000.<\/strong> The 4-week moving average was 473,750, an increase of 6,000 from the previous week’s revised average of 467,750.<\/p>\n

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Feb. 13, unchanged from the prior week’s unrevised rate of 3.5 percent.<\/p>\n

The advance number for seasonally adjusted insured unemployment during the week ending Feb. 13 was 4,617,000, an increase of 6,000 from the preceding week’s revised level of 4,611,000. The 4-week moving average was 4,600,750, an increase of 4,250 from the preceding week’s revised average of 4,596,500.<\/p>\n

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.209 million.<\/p>\n

UNADJUSTED DATA<\/p>\n

The advance number of actual initial claims under state programs, unadjusted, totaled 452,468 in the week ending Feb. 20, a decrease of 25,767 from the previous week. <\/strong>There were 605,668 initial claims in the comparable week in 2009.<\/p>\n

The advance unadjusted insured unemployment rate was 4.2 percent during the week ending Feb. 13, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,527,142, a decrease of 70,546 from the preceding week. A year earlier, the rate was 4.6 percent and the volume was 6,108,398.<\/p>\n

…<\/p>\n

The highest insured unemployment rates in the week ending Feb. 6 were in Alaska (7.5 percent), Oregon (6.5), Idaho (6.4), Montana (6.2), Wisconsin (6.2), Michigan (5.9), Puerto Rico (5.9), Nevada (5.8), Pennsylvania (5.7), and North Carolina (5.5).<\/strong><\/p>\n

The largest increases in initial claims for the week ending Feb. 13 were in North Carolina (+5,897), Pennsylvania (+2,813), Kentucky (+2,510), Virginia (+559), and Puerto Rico (+468), while the largest decreases were in California (-5,540), Illinois (-3,858), New York (-2,747), Texas (-2,636), and Missouri (-2,534).<\/p>\n

Read the official release here ><\/a><\/p>\n

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