Weekly Claims for Unemployment Insurance
Market Senitivity: High.
What Is It: Tracks new filings for unemployment insurance benefits.
Release Time: 8:30 a.m. (ET) every Thrusday; covers the week ending the previous Saturday.
Source: Employment and Training Administration, Department of Labor.
Revisions: Minor changes.
Continuing Jobless Claims in the United States decreased to 1908 thousand in the week ending November 25 of 2017 from 1960 thousand in the previous week. Continuing Jobless Claims in the United States averaged 2694.92 Thousand from 1967 until 2017, reaching an all time high of 6635 Thousand in May of 2009 and a record low of 988 Thousand in May of 1969.
The Department of Labor also notes that claims being reported from the Virgin Islands and Puerto Rico are still experiencing delays in the reporting of their figures because, well, because they have more important priorities at the moment. Therefore, take a mental note that a “hanging chad” is out there and possible revions to inital claims could be materially higher.
The number of Americans filing for unemployment benefits decreased by 2 thousand to 236 thousand in the week ended December 2nd, below market expectations of 240 thousand. It is the third straight week of declines in initial claims, bringing it to the lowest since the last week of October. Claims taking procedures continue to be disrupted in the Virgin Islands and those in Puerto Rico still have not returned to normal. Initial Jobless Claims in the United States averaged 356.21 Thousand from 1967 until 2017, reaching an all time high of 695 Thousand in October of 1982 and a record low of 162 Thousand in November of 1968.
I thought is was an intresting caveat within the data. I found on the Department of Labor’s website the grapgh above of State’s SOlvenceny rankings based on an average of high costs mutiples.
What jumped right out initally was the two states that were highlighted in this weeks DOL’s weekly claims report that reported a decrease of more than 1,000 claims were both Texas and California.
Both states having well beow the recommended solvency ratios. I am will have to wrap my head around what more you can infer from these two data points, but at least this brouches the subject,nonetheless.
– R.W.N II