Unemployment Insurance claims report January 17, 2013, Total claiming benefits in all programs increased 465547, Top 3 increases NY GA NC over 66K

Unemployment Insurance claims report January 17, 2013, Total claiming benefits in all programs increased 465547, Top 3 increases NY GA NC over 66K

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“We tried our plan—and it worked. That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”…Barack Obama

“Truisms are true, hold on to that! The solid world exists, its laws do not change. Stones are hard, water is wet, objects unsupported fall towards the earth’s centre. With the feeling that he was speaking to O’Brien, and also that he was setting forth an important axiom, he wrote:

Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

Talk about creative accounting and seasonal adjustments.

The alleged decrease of  37,000 initial claims from the prior week makes zero reality sense.

From the US Labor Dept. January 17, 2013.

“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA”

“SEASONALLY ADJUSTED DATA

In the week ending January 12, the advance figure for seasonally adjusted initial claims was 335,000, a decrease of 37,000 from the previous week’s revised figure of 372,000. The 4-week moving average was 359,250, a decrease of 6,750 from the previous week’s revised average of 366,000.

The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending January 5, an increase of 0.1 percentage point from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemploymentduring the week ending January 5 was 3,214,000, an increase of 87,000 from the preceding week’s revised level of 3,127,000. The 4-week moving average was 3,195,750, a decrease of 6,000 from the preceding week’s revised average of 3,201,750.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 555,708 in the week ending January 12, an increase of 2,360 from the previous week. There were 525,422 initial claims in the comparable week in 2012.

The advance unadjusted insured unemployment rate was 3.0 percent during the week ending January 5, an increase of 0.1 percentage point from the prior week’s unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,850,441, an increase of 170,067 from the preceding week. A year earlier, the rate was 3.2 percent and the volume was 4,109,127.

The total number of people claiming benefits in all programs for the week ending December 29 was 5,821,966, an increase of 465,547 from the previous week. There were 7,826,846 persons claiming benefits in all programs in the comparable week in 2011.”

STATES WITH AN INCREASE OF MORE THAN 1,000

http://www.dol.gov/opa/media/press/eta/ui/current.htm#.UPhMYif7LhI

The top 3 increases in NY, GA and NC total over 66,000.