Jobless claims report, July 8, 2010, Down?, Seasonally adjusted down, Claims up

The Jobless Claims report was released by the US Labor Dept. this morning. Everyone is reporting, and the stock market is rejoicing, that claims were down. Here are the actual numbers.

“In the week ending July 3, the advance figure for seasonally adjusted initial claims was 454,000, a decrease of 21,000 from the previous week’s revised figure of 475,000.”

“The advance number of actual initial claims under state programs, unadjusted, totaled 463,560 in the week ending July 3, an increase of 22,560 from the previous week. There were 581,145 initial claims in the comparable week in 2009.”

This is nothing to shout about:

“The 4-week moving average was 466,000, a decrease of 1,250 from the previous week’s revised average of 467,250.”

Read more:

http://citizenwells.com/2010/07/08/jobless-claims-july-8-2010-seasonally-adjusted-down-21000-unadjusted-increased-22560/