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Weekly Jobless Claims Increase … Again

Jan. 10, 2013 9:15am Becket Adams

Applications for jobless benefits increased 4,000 for the week ending January 5, bringing the total to 371,000, up from last week’s revised figure of 367,000, the Labor Department announced on Thursday.

Unlike last week when many state departments were closed for the holidays, all states turned in their unemployment aid figures and none of the numbers in today’s report are estimates, a department spokesman said.

The four-week moving average, a “less volatile” figure, increased by 6,750, bringing the total to 365,750, up from last week’s revised average of 359,000.

“The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending December 29, a decrease of 0.1 percentage point from the prior week’s unrevised rate,” the report reads.

“The advance number for seasonally adjusted insured unemployment during the week ending December 29 was 3,109,000, a decrease of 127,000 from the preceding week’s revised level of 3,236,000. The 4-week moving average was 3,197,250, a decrease of 26,000 from the preceding week’s revised average of 3,223,250,” the report adds.

The states with the largest increases in initial claims for the week ending December 29 were Michigan (+15,107), Pennsylvania (+12,483), Wisconsin (+6,748), New Jersey (+3,436), and Missouri (+3,057).

Meanwhile, Florida (-11,015), Texas (-7,475), Virginia (-3,148), Illinois (-2,755), and Oklahoma (-1,782) posted the biggest decreases in initial claims.

“Overall a report that confirms that 6 years after the start of the Depression, propped by some $15 trillion in central bank reserve liquidity injections the bulk of which has been used to prop stock markets,” writers at Zero Hedge note, “there is still no actual improvement in the economy.”

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Comments (15)

Free_Thought
Posted on January 10, 2013 at 1:53pm
The numbers have been fudged by the conservatives to reflect poorly on the sate of unemployment.

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- KathleenElsie
  Posted on January 13, 2013 at 3:49pm
  Sometimes it is better to stay silent then it is to prove ignorance.
  
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RaydocX
Posted on January 10, 2013 at 10:20am
So it’s not a recovery?
i am amazed how many bought into the ‘skewed’ numbers to begin with… drive through your town, count the empty storefronts. this is not a good situation
but i am as amazed at how many people are happy to take the handouts and not work… don’t the Dems know that even those who ‘want’ the benefits with no work eventually become envious and angry… they want more and more (still for nothing), and see those who ‘have’ and believe it should be theirs. this is a bumpy road to anarchy, rather than a safety net for TEMPORARY assistance when plans fail (really… plans?) not a way of life. Even Clinton understood that ideology was doomed to failure.

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matt708
Posted on January 10, 2013 at 10:15am
when are the people going to understand all this is smoke and mirrors to make o look good

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- Cavallo
  Posted on January 10, 2013 at 10:38am
  When it is way past way too late. Then they will tear their clothes and gnash their teeth (metaphorically) and scream “Why didn’t someone DO something!?”
  
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term limits for congress
Posted on January 10, 2013 at 10:12am
According to our communist rulers, this is great news for the economy. It is common knowledge that paying more in unemployment benefits is an automatic boost for the economy. However, our economy will never be good until the wealthy pay their fair share.

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doomytram
Posted on January 10, 2013 at 10:06am
More than 70 % of the new jobs created are federal gov’t jobs. So has Obozo say’s the Private Sector is doing fine. (Lips Flapped, so he was lying) What he means is that the Government sector is doing fine, because he is hiring, destroying the country, and flirting with his Obamnumism. He thinks he can spend more and hire more twiddling their thumbs bureaurats and get ready for his flexible third term.

Obozo (Disastrous Disaster, of nightmarishish proportions.

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- Cavallo
  Posted on January 10, 2013 at 10:22am
  USA, may it rest in peace.
  
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jasonsmommy
Posted on January 10, 2013 at 9:50am
Remember now they can be honest about the economy now that the election is over.

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Cavallo
Posted on January 10, 2013 at 9:40am
New normal. Half a decade of record unemployment. Get used to bread lines. Your government masters send their sympathies from their State sponsored palaces.

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woodyee
Posted on January 10, 2013 at 9:34am
No! It can’t be!

Why, Obammy’s been telling us the economy has been improving! Look at the Wall Street numbers – they’re just as credible as Algores “An Inconvenient Truth”, by golly! And besides, II got it on the internet – the blogs like Huffpo and Moveon that Obammy has put our bad days behind us! – They can’t put anything on the Internet that isn’t true!

Oh, here comes my date – she’s a French model! “Say hello to all the Blazer’s, Cherie!”

Cherie – “Este hijo de la gran put…erahhh…eh-que me?”

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Zipit
Posted on January 10, 2013 at 9:33am
U.S. UNEMPLOYMENT AID APPLICATIONS TICK UP AGAIN! Doesn’t that mean another miraculous drop in the unemployment rate? The winter of recovery!!!!!!!

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progressiveslayer
Posted on January 10, 2013 at 9:31am
This collectivist regime will ensure a high unemployment rate in the private sector because getting more people on the government dole is paramount to the regime. The total gun ban is a close second and both could spark a civil war.

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- barber2
  Posted on January 10, 2013 at 9:41am
  Sounds like you have mentioned the future agenda of the Obama Chicago radicals . Only thing missing in their War on Capitalism that I can foresee is also their War on Conservative Media Outlets…
  
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jd9215
Posted on January 10, 2013 at 9:23am
Unemployment rates will go higher when “Gun Banning” goes into effect.

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