The Ashes

Technology, Science and other news
August 10, 2009

Unemployment Claims Fall

Posted by : admin
Filed under : General

The DOL reports weekly unemployment insurance claims fell to 550,000 from 588,000 the week before.

In the week ending Aug. 1, the advance figure for seasonally adjusted initial claims was 550,000, a decrease of 38,000 from the previous week’s revised figure of 588,000. The 4-week moving average was 555,250, a decrease of 4,750 from the previous week’s revised average of 560,000.

The advance number for seasonally adjusted insured unemployment during the week ending July 25 was 6,310,000, an increase of 69,000 from the preceding week’s revised level of 6,241,000.

Weekly Claims Aug Click on graph for larger image in new window.

This graph shows the 4-week moving average of weekly claims since 1971.

The four-week average of weekly unemployment claims decreased this week by 4,750 to 555,250, and is now 103,500 below the peak of 17 weeks ago. It appears that initial weekly claims have peaked for this cycle.

The level of initial claims has fallen fairly quickly – but the number is still very high (at 550,000), indicating significant weakness in the job market. The four-week average of initial weekly claims will probably have to fall below 400,000 before the total employment stops falling.

After earlier recessions (like ‘81), weekly claims fell quickly, but in the two most recent recessions, weekly claims declined a little and then stayed elevated for some time. A jobless recovery, with elevated weekly claims, seems likely this time too.

When the BLS reports tomorrow, I will graph the number of workers unemployed for 27 or more weeks. These workers have exhausted their regular benefits, although most are still on extended benefits.

Tags :

No Comments

(will not be published) (required)
(opitional) EN ES IT DE PT CZ FR RU
August 2021




There are many online poker site where you can play but at you can play the poker games with all the knowledge you need related to the game with the poker school available in both the English and Chinese language.

Super Casino

Now you can bet on any sports and any sporting events from all the comfort from your home. Bet770 allows you to bet on any events and match with in just 3 clicks. They also offers great odds on football betting for every premier and champions league match. Get £50 free in bets when you register.

Bingo770, offering best online bingo games with £7.70 free no deposit Bonus!