US jobless claims rose to 235,000 last week, most since mid-January

[mahatmakanejeeves]

Source: Yahoo! Finance

Yahoo Finance

US jobless claims rose to 235,000 last week, most since mid-January

Alexandra Semenova · Reporter
Thu, July 7, 2022, 8:43 AM · 1 min read

Initial jobless claims unexpectedly edged higher last week in a potential sign the labor market may be moderating amid tighter financial conditions. The print comes ahead of the government's monthly employment report for June due out Friday.

First-time filings for unemployment insurance in the U.S. totaled 235,000 for the week ended July 2, increasing by 4,000 from the prior week's reading of 231,000 claims, the Department of Labor said Thursday. Economists surveyed by Bloomberg had expected the latest reading to come in at 230,000.

This marked the highest weekly total since the week ended January 15, 2022.

(This post is breaking. Please check back for updates.)

Read more: https://finance.yahoo.com/news/jobless-claims-july-7-124345808.html

[mahatmakanejeeves]

1. From the source:

https://oui.doleta.gov/press/2022/070722.pdf

https://www.dol.gov/ui/data.pdf

News Release

Connect with DOL at
https://blog.dol.gov

TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Thursday, July 7, 2022

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

In the week ending July 2, the advance figure for seasonally adjusted initial claims was 235,000, an increase of 4,000 from the previous week's unrevised level of 231,000. The 4-week moving average was 232,500, an increase of 750 from the previous week's unrevised average of 231,750.

The advance seasonally adjusted insured unemployment rate was 1.0 percent for the week ending June 25, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 25 was 1,375,000, an increase of 51,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 1,328,000 to 1,324,000. The 4-week moving average was 1,335,000, an increase of 16,500 from the previous week's revised average. The previous week's average was revised down by 1,000 from 1,319,500 to 1,318,500.

{snip}

UNADJUSTED DATA

{snip}

The total number of continued weeks claimed for benefits in all programs for the week ending June 18 was 1,327,839, an increase of 13,570 from the previous week. There were 14,208,913 weekly claims filed for benefits in all programs in the comparable week in 2021.

{snip the rest of the ten-page news release, until the end}

Weekly Claims Archives
Weekly Claims Data

U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at [phone] (voice) or [phone] (federal relay).

U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 22-1458-NAT

Program Contacts:
Kevin Stapleton: [phone]
Media Contact: [phone]

[progree]

4. Such painfully obvious spin!!! This too lacks a comparison with Trump's numbers

And it fails once again to hold high the red banner of Mao Tse Tung Thought

[mahatmakanejeeves]

5. DOL economists: fascist bootlickers, every one of them.

Last edited Thu Jul 7, 2022, 12:05 PM - Edit history (1)

{edited from "Soviet stooges, every one of them" because ...}

One of them I know used to teach at the University of Maryland. Need I say more? (He's not at ETA, but it just goes to show you.)

The World Socialist website has not picked up the story yet.

[JT45242]

2. and still lower than tRump's numbers... but gotta spin it negative

As usual, spun to make the current President look bad. Does not mention that this was lower than overwhelming majority of weeks during TDFG's rein

[mahatmakanejeeves]

3. If I don't use negative articles as my sources, Rupert Murdoch will stop paying me to post at DU.

Have a great day!

[progree]

6. Interesting - continuing claims is lower than even the best week of the SlobFather admin

Last edited Thu Jul 7, 2022, 01:14 PM - Edit history (1)

Continuing claims (FRED) : https://fred.stlouisfed.org/series/CCSA

While I'm at it --

Initial claims (FRED) : https://fred.stlouisfed.org/series/ICSA

[WinstonSmith4740]

7. Oh, Lordy.

Andrea Mitchell and Chuck Todd declare the US economy in a tailspin in 3,2,...

[Rebl2]

8. Still better

Than when tfg in office

[Midnight Writer]

9. And stocks rise.