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View Full Version : Economy On The Upswing? Not For Many



Kathianne
01-27-2011, 12:22 PM
Food and gas way up, as are clothing prices. Real Estate is back to double fail. Unemployment up:

http://www.dol.gov/opa/media/press/eta/ui/current.htm


EMPLOYMENT AND TRAINING ADMINISTRATION


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January 27, 2011

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UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Jan. 22, the advance figure for seasonally adjusted initial claims was 454,000, an increase of 51,000 from the previous week's revised figure of 403,000. The 4-week moving average was 428,750, an increase of 15,750 from the previous week's revised average of 413,000.

The advance seasonally adjusted insured unemployment rate was 3.2 percent for the week ending Jan. 15, an increase of 0.1 percentage point from the prior week's unrevised rate of 3.1 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Jan. 15 was 3,991,000, an increase of 94,000 from the preceding week's revised level of 3,897,000. The 4-week moving average was 3,975,500, a decrease of 39,750 from the preceding week's revised average of 4,015,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 482,399 in the week ending Jan. 22, a decrease of 67,491 from the previous week. There were 502,710 initial claims in the comparable week in 2010.

The advance unadjusted insured unemployment rate was 3.7 percent during the week ending Jan. 15, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 4,593,535, a decrease of 58,900 from the preceding week. A year earlier, the rate was 4.3 percent and the volume was 5,602,357.

The total number of people claiming benefits in all programs for the week ending Jan. 8 was 9,410,977.

Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin, during the week ending Jan. 8.

Initial claims for UI benefits by former Federal civilian employees totaled 3,842 in the week ending Jan. 15, a decrease of 1,633 from the prior week. There were 2,690 initial claims by newly discharged veterans, a decrease of 170 from the preceding week.

There were 50,709 former Federal civilian employees claiming UI benefits for the week ending Jan. 8, an increase of 1,877 from the previous week. Newly discharged veterans claiming benefits totaled 42,676, an increase of 726 from the prior week.

States reported 3,783,493 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Jan. 8, an increase of 63,886 from the prior week. There were 5,348,277 claimants in the comparable week in 2010. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending Jan. 8 were in Alaska (7.5 percent), Oregon (5.4), Wisconsin (5.4), Idaho (5.3), Pennsylvania (5.2), Montana (5.1), Puerto Rico (5.0), Michigan (4.9), California (4.8), Connecticut (4.7), and New Jersey (4.7).

The largest increases in initial claims for the week ending Jan. 15 were in Florida (+6,646), Nevada (+242), and the Virgin Islands (+103), while the largest decreases were in New York (-28,714), Georgia (-19,429), North Carolina (-16,132), Pennsylvania (-14,859), and California (-14,309).

If one reads the above government report, no where is the weather mention, as AP tries to sell:

http://www.google.com/hostednews/ap/article/ALeqM5gax7-mZ54EvjDuhQdhRZ6X4P98Vw?docId=16f5262ffcb54087ae12 06064b1964eb


Requests for unemployment benefits up due to snow

(AP) – 7 hours ago

WASHINGTON (AP) — The number of people applying for unemployment benefits rose sharply last week, but the figures were largely distorted by rare snowstorms that swept through the Southeast.

Applications surged last week by a seasonally adjusted 51,000 to 454,000, the highest level since late October, the Labor Department said Thursday.

A government analyst said that a major reason for the spike was the harsh weather in Alabama, Georgia, North Carolina and South Carolina. That forced many companies to shut down temporarily and also prevented many people from applying for benefits in the previous week.

When state offices, which had closed, reopened and people were able to file applications that pushed the number of requests up sharply, the analyst said...

red states rule
01-27-2011, 12:28 PM
I guess that damn white snow is racist and it snowed on purpose to slow Obama's econoic "recovery"

Kathianne
01-27-2011, 12:47 PM
I guess that damn white snow is racist and it snowed on purpose to slow Obama's econoic "recovery"

This is the first time the economy has dealt with snow. :laugh2: AP just made it up!

red states rule
01-27-2011, 12:54 PM
This is the first time the economy has dealt with snow. :laugh2: AP just made it up!

As Sarah Palin said - "WTF"?

Gaffer
01-27-2011, 01:05 PM
The AP always makes things up.

I saw a T shirt that said "I make things up" It's perfect for AP employees.

red states rule
01-27-2011, 01:35 PM
Obamanomics on a smaller scale

http://www.newsbusters.org/sites/default/files/imagecache/cartoon_500/cartoons/shemustbeademocrat.jpg