|
|
发表于 2010-1-21 01:40 PM
|
显示全部楼层
INITIAL JOBLESS CLAIMS BREAK DOWNTREND
The weekly initial jobless claims number came in much higher than expected today at 482,000 versus estimates of 440,000. As shown in the chart below, this ju ...
Diffusion 发表于 2010-1-21 12:27 
Highlights
Distortions cloud what on the surface is a negative jobless claims report. Initial claims jumped 36,000 in the Jan. 16 week to 482,000, marking a third straight increase and the fifth increase in five weeks -- not a streak that points to improvement in the labor market (Jan. 9 week revised 2,000 higher to 446,000). The four-week average, at 448,250, rose 7,000 in the week to snap a long streak of uninterrupted improvement going back to August.
Now the special factors. The Labor Department said claims piled up due to short holiday staffing at state processing centers. Market News International is quoting a Labor Department analyst as saying the week's gain is "not economic, but administrative." Starting with the next report, the government analyst expects the effect to reverse making for a steady decline in coming weeks. An implication here is that short-staffing this year was greater than prior years and is not offset by seasonal adjustments. Note also that data from an unusually large number of seven states had to be estimated for the current report.
Continuing claims, data available for the Jan. 2 week, did show improvement or at least did decline for a fifth straight week, down 18,000 to 4.599 million. But the decline in continuing benefits reflects, at least in part, the expiration of benefits as the unemployed fall out of the insured workforce.
Other data show a nearly 40,000 drop in those receiving extended benefits while more than 650,000 received emergency compensation. The markets showed no significant reaction to this report, a report that will be very closely watched for improvement next week. |
|
狗仔卡
发表于 2010-1-21 01:43 PM
