U.S. weekly jobless claims rise 13,000 to 462,000

[mahatmakanejeeves]

Source: MarketWatch

By Jeffry Bartash WASHINGTON (MarketWatch)

The number of people who signed up for state unemployment benefits jumped 13,000 to 462,000 in the latest week, the U.S. Labor Department reported Thursday. Economists polled by MarketWatch had expected initial claims to fall to a seasonally adjusted 444,000 in the week ended Oct. 9. Claims for last week were revised up by 4,000 to 449,000. The four-week moving average of new claims, a more accurate gauge of employment trends than the volatile weekly number, rose 2,250 to 459,000. Continuing claims, which reflect workers already receiving unemployment checks, dropped 112,000 to 4.4 million in the week ended Oct. 2. The number of jobless workers receiving extended federal benefits declined 340,000 to about 4.8 million in the week ended Sept. 25, the latest data available. Altogether, 8.65 million people were getting some kind of benefit in the week ended Sept. 25, down from 9.02 million the prior week.


Read more: http://www.marketwatch.com/story/us-weekly-jobless-claims-rise-13000-to-462000-2010-10-14?reflink=MW_news_stmp

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From the source: UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Oct. 9, the advance figure for seasonally adjusted initial claims was 462,000, an increase of 13,000 from the previous week's revised figure of 449,000. The 4-week moving average was 459,000, an increase of 2,250 from the previous week's revised average of 456,750.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Oct. 2, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Oct. 2 was 4,399,000, a decrease of 112,000 from the preceding week's revised level of 4,511,000. The 4-week moving average was 4,488,500, a decrease of 34,500 from the preceding week's revised average of 4,523,000.

[Po_d Mainiac]

1. Fucked up n/t

[New Earth]

2. I wonder how I fit into this mathematically?

I was on unemployment for a year and a half, got a new job in August, just got laid off AGAIN.

:nopity: :wtf: :grr: :shrug:

[Beacool]

3. I'm so sorry.

Times are hard for so many people.

Best of luck!!!

:hug:

[FreeStateDemocrat]

4. While on Wall Street the party roars on.

[elehhhhna]

5. i'm a statistic! i'll be featured in next week's number.

[taught_me_patience]

6. Sorry to hear that.

Good luck in finding something new. I hope you find something you love doing!

[bemildred]

7. I remember under Clinton, they would get all upset about 150,000.

Not they would be singing Hosannah for that.