In the week ending January 19, the advance figure for seasonally adjusted initial claims was 330,000, a decrease of 5,000 from the previous week's unrevised figure of 335,000. The 4-week moving average was 351,750, a decrease of 8,250 from the previous week's revised average of 360,000.
The advance number of actual initial claims under state programs, unadjusted, totaled 436,766 in the week ending January 19, a decrease of 119,944 from the previous week. There were 416,880 initial claims in the comparable week in 2012.
I love it; the data is right there, but you have to look. And nobody does.
Let's look at the big table.
The roll-off from EUC 2008 cotninues...... and is accelerating. This program should be basically gone in the next three to six months, which should be very interesting in terms of what it does to consumer spending -- as nobody (and I do mean nobody) really thinks that 365,000 people found jobs that week -- right?
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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