Unadjusted Year Over Year: Labor Department Initial Jobless Fall -23%

Here's a quick take the Labor Department's weekly initial jobs claims report:

• Associated Press Headline And Lead: "Jobless claims rise on snow-related layoffs... The number of new claims for unemployment benefits jumped unexpectedly last week as heavy snows caused layoffs to rise."
• Labor Department News Release: click here. 
• Key Numbers: "The advance number of actual initial claims under state programs, unadjusted, totaled 452,468 in the week ending Feb. 20, a decrease of 25,767 from the previous week. There were 605,668 initial claims in the comparable week in 2009."
• My Spreadsheet (click Download 20100218yoy).

Here's my uneducated interpretation - I'm still looking at the recession over recession non-seasonally adjusted graph below which which continues to look ugly. I'm thinking the dark red line characterizes the trend and that we won't see a peak in unemployment until late 2010 if the trend continues. We are looking at an even more "jobless recovery" than the Internet Bubble recession's recovery. Yikes!

 




 
 

MontyHigh, www.worldofwallstreet.us

Here's a quick take the Labor Department's weekly initial jobs claims report:

• Associated Press Headline And Lead: "Jobless claims rise on snow-related layoffs... The number of new claims for unemployment benefits jumped unexpectedly last week as heavy snows caused layoffs to rise."
• Labor Department News Release: click here. 
• Key Numbers: "The advance number of actual initial claims under state programs, unadjusted, totaled 452,468 in the week ending Feb. 20, a decrease of 25,767 from the previous week. There were 605,668 initial claims in the comparable week in 2009."
• My Spreadsheet (click Download 20100218yoy).

Here's my uneducated interpretation - I'm still looking at the recession over recession non-seasonally adjusted graph below which which continues to look ugly. I'm thinking the dark red line characterizes the trend and that we won't see a peak in unemployment until late 2010 if the trend continues. We are looking at an even more "jobless recovery" than the Internet Bubble recession's recovery. Yikes!

 




 
 

MontyHigh, www.worldofwallstreet.us