unemployment initial claims up latest week by 11,000 to 308,000

[papau]

from DOL:

June 22, 2006
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending June 17, the advance figure for seasonally adjusted initial claims was 308,000, an increase of 11,000 from the previous week's revised figure of 297,000. The 4-week moving average was 311,250, a decrease of 5,000 from the previous week's revised average of 316,250.

The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending June 10, unchanged from the prior week's unrevised rate of 1.9 percent.

The advance number for seasonally adjusted insured unemployment during the week ending June 10 was 2,439,000, an increase of 18,000 from the preceding week's revised level of 2,421,000. The 4-week moving average was 2,422,500, an increase of 6,250 from the preceding week's revised average of 2,416,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 276,508 in the week ending June 17, a decrease of 9,316 from the previous week. There were 289,831 initial claims in the comparable week in 2005.

The advance unadjusted insured unemployment rate was 1.7 percent during the week ending June 10, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,233,976, an increase of 6,948 from the preceding week. A year earlier, the rate was 1.9 percent and the volume was 2,395,982.


Extended benefits were not available in any state during the week ending June 3.

[AnOhioan]

1. One thing the "official" figures fail to account for....

The number of individuals for whom benefits have ended but are still in the process of seeking employment. Those numbers are the true face of the "economic recovery".

[nickinSTL]

2. right...

those who have been unemployed (or severely underemployed) long term.