Post by The Great Aztec Joe on Dec 1, 2011 8:41:52 GMT -8
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 370,616 in the week ending November 26, a decrease of 69,665 from the previous week.
www.dol.gov/opa/media/press/eta/ui/current.htm
The Unadjusted Data are the actual numbers reported by the states.
Two weeks ago there was a sudden increase in the numbers applying for UI. This week it has fallen back, down almost 70K.
That speaks for two things:
1. The new normal weekly number is about 370,000. That is a healthy churn.
2. A lot of employers lay off employees in early November. I guess that is so they do not have to feel guilty about laying them off just before Christmas.
The advance number of actual initial claims under state programs, unadjusted, totaled 370,616 in the week ending November 26, a decrease of 69,665 from the previous week.
www.dol.gov/opa/media/press/eta/ui/current.htm
The Unadjusted Data are the actual numbers reported by the states.
Two weeks ago there was a sudden increase in the numbers applying for UI. This week it has fallen back, down almost 70K.
That speaks for two things:
1. The new normal weekly number is about 370,000. That is a healthy churn.
2. A lot of employers lay off employees in early November. I guess that is so they do not have to feel guilty about laying them off just before Christmas.