The latest unemployment claims with the appropriate revisions.
By Daniel at 11 June, 2009, 3:20 pm
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18 out of the last 19 weeks were later revised upwards with additional unemployment claims (adding to a total of an additional 94,000 claims):
Initial report at 626K revised (+) at 631K for 01/31
Initial report at 623K revised (+) at 627K for 02/07
Initial report at 627K revised (+) at 631K for 02/14
Initial report at 667K revised (+) at 670K for 02/21
Initial report at 639K revised (+) at 645K for 02/28
Initial report at 654K revised (+) at 658K for 03/07
Initial report at 646K revised (-) at 644K for 03/14
Initial report at 652K revised (+) at 675K for 03/21
Initial report at 669K revised (+) at 674K for 03/28
Initial report at 654K revised (+) at 663K for 04/04
Initial report at 610K revised (+) at 613K for 04/11
Initial report at 640K revised (+) at 645K for 04/18
Initial report at 631K revised (+) at 635K for 04/25
Initial report at 601K revised (+) at 605K for 05/02
Initial report at 637K revised (+) at 643K for 05/09
Initial report at 631K revised (+) at 636K for 05/16
Initial report at 623K revised (+) at 625K for 05/23
Initial report at 621K revised (+) at 625K for 05/30
Initial report at 601K for 6/06 - preliminary
The number of people collecting state unemployment benefits (continuing claims), are now over 6.8 million plus another 2.5 million are collecting extended federal and state benefits, so the total of continuing claims is now at a record 9+ million.
A reminder that during periods of low unemployment initial claims are in the range of 250K-350K per week. So we are averaging over 1.2 million of additional unemployment claims per month since the beginning of this year.
The US need to create a minimum of 100K-150K jobs a month in order to keep up with population changes.
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