Thursday, June 25, 2009

Jobless claims - 10:40AM

Full report here UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending June 20, the advance figure for seasonally adjusted initial claims was 627,000, an increase of 15,000 from the previous week's revised figure of 612,000. The 4-week moving average was 617,250, an increase of 500 from the previous week's revised average of 616,750. The advance seasonally adjusted insured unemployment rate was 5.0 percent for the week ending June 13, unchanged from the prior week's unrevised rate of 5.0 percent. The advance number for seasonally adjusted insured unemployment during the week ending June 13 was 6,738,000, an increase of 29,000 from the preceding week's revised level of 6,709,000. The 4-week moving average was 6,759,750, a decrease of 3,250 from the preceding week's revised average of 6,763,000. The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.333 million. UNADJUSTED DATA The advance number of actual initial claims under state programs, unadjusted, totaled 566,586 in the week ending June 20, an increase of 8,548 from the previous week. There were 358,159 initial claims in the comparable week in 2008. The advance unadjusted insured unemployment rate was 4.6 percent during the week ending June 13, an increase of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 6,098,083, an increase of 19,737 from the preceding week. A year earlier, the rate was 2.1 percent and the volume was 2,852,599. Extended benefits were available in Alaska, Arizona, Arkansas, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Vermont, Virginia, Washington, and Wisconsin during the week ending June 6. Initial claims for UI benefits by former Federal civilian employees totaled 1,832 in the week ending June 13, a decrease of 149 from the prior week. There were 1,914 initial claims by newly discharged veterans, an increase of 38 from the preceding week. There were 16,744 former Federal civilian employees claiming UI benefits for the week ending June 6, an increase of 829 from the previous week. Newly discharged veterans claiming benefits totaled 27,850, a decrease of 697 from the prior week. States reported 2,429,772 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending June 6, an increase of 70,235 from the prior week. EUC weekly claims include both first and second tier activity. The highest insured unemployment rates in the week ending June 6 were in Michigan (7.0 percent), Oregon (6.8), Puerto Rico (6.7), Nevada (6.3), Pennsylvania (6.2), Wisconsin (5.7), California (5.4), Arkansas (5.3), Illinois (5.3), and North Carolina (5.3). The largest increases in initial claims for the week ending June 13 were in Florida (+8,383), Pennsylvania (+3,191), Missouri (+2,874), Puerto Rico (+2,561), and California (+2,540), while the largest decreases were in Michigan (-5,414), New York (-5,299), North Carolina (-4,714), Tennessee (-4,414), and Ohio (-3,802).
Green shoots? I think not, and neither does the futures who dropped after these two reports

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