Claims: +335k, Do You Believe In Magic?


I have trouble believing this, but it is what it is….

In the week ending January 12, the advance figure for  seasonally adjusted initial claims was 335,000, a decrease of 37,000 from the previous week’s revised figure of 372,000. The 4-week moving average was 359,250, a decrease of 6,750 from the previous week’s revised average of 366,000.


The advance number of actual initial claims under state programs, unadjusted, totaled 555,708 in the week ending January 12, an increase of 2,360 from the previous week.There were 525,422 initial claims in the comparable week in 2012.


So what we have here is on an annual (that is, like-vs-like week — no adjustment required) increase of about 30,000.  But the Department of Lies reports a 37,000 claim decrease predicated on alleged “seasonal adjustment”, despite the fact that the raw figures were up 2,360.


Let’s look at the big table.

Holy crap!  +465,547?!

The Market-Ticker

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