Obi-Wan Kenobi
/ 178.36.29.* / 2010-04-09 12:00
Coraz trudniejsza sytuacja, bo nie tylko bezrobocie ponownie rośnie, to do tego, coraz więcej ludzi traci prawo do zasiłku.
If Employment Has Bottomed....
... why is it that unemployment claims data fails to show improvement?
In the week ending April 3, the advance figure for seasonally adjusted initial claims was 460,000, an increase of 18,000 from the previous week's revised figure of 442,000. The 4-week moving average was 450,250, an increase of 2,250 from the previous week's revised average of 448,000.
That "4" handle doesn't seem to be able to be hammered downward. But more importantly is the data in the unadjusted numbers - we are seeing two very disturbing trends here.
First is that "extended benefits" spiked higher by 77,403 in the last survey week available in that series (March 20th) but also the EUC series is showing what appears to be a lot of people rolling off extended benefits.
The household data in the employment report (for March) did not disclose anything that would account for this EUC number that one could call "positive" - that is, it's pretty clear that 300,000 people didn't come off EUC programs into work in that week.