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Jobless Claims Rise, But Economists Eye Seasonal Issues
Fox Business News ^ | 04/24/2014

Posted on 04/24/2014 6:48:30 AM PDT by SeekAndFind

The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the rise probably does not suggest a shift in labor market conditions as the underlying trend continued to point to strength.

Initial claims for state unemployment benefits rose 24,000 to a seasonally adjusted 329,000 for the week ended April 19, the Labor Department said on Thursday.

Claims for the week ended April 12 were revised to show 1,000 more applications received than previously reported.

Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 310,000.

The increase probably reflects difficulties adjusting the data for seasonal fluctuations given a late Easter this year and the timing of school spring breaks.

The four-week moving average for new claims, considered a better measure of underlying labor market conditions as it irons out week-to-week volatility, rose only 4,750 to 316,750. That was not too far from pre-recession levels.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: joblessclaims; layoffsjobs; unemployment
It's fun with Thursday jobless claim numbers once again...
1 posted on 04/24/2014 6:48:31 AM PDT by SeekAndFind
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To: SeekAndFind

There are always “Issues” which are eyed.

What is needed is jobs. In America.

Jobs.


2 posted on 04/24/2014 6:50:02 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: SeekAndFind
"underlying strength"

Strength? What strength?

3 posted on 04/24/2014 6:52:17 AM PDT by eCSMaster ("It is not the color of his skin, ... it is the blackness that fills his soul")
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To: SeekAndFind

It’s gotten so bad now that the media refuses even to put their own names behind the drivel.


4 posted on 04/24/2014 6:52:35 AM PDT by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: SeekAndFind

Now it’s a late Easter causing this. The people see everything but the obvious.


5 posted on 04/24/2014 6:59:23 AM PDT by fhayek
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To: fhayek

“”””” unemployment benefits increased more than expected last week,”””””

******DRINK*************


6 posted on 04/24/2014 7:00:55 AM PDT by shelterguy
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To: SeekAndFind

WHY JOBLESS CLAIMS ARE UP

Too Hot
Too Cold
Too Moderate
Too Wet
Too Dry
Sarah Palin
Tea Pary
Typical White People
Racism
New Math


7 posted on 04/24/2014 7:03:34 AM PDT by Iron Munro (Malaysia Flight MH370 Black Box signals reported in Bermuda Triangle)
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To: SeekAndFind
Shouldn't that read “Osama Obama’s apologists eye seasonal issues”?
8 posted on 04/24/2014 7:13:01 AM PDT by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
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To: SeekAndFind

Draw a card from the bowl to find this week’s excuse.


9 posted on 04/24/2014 7:18:53 AM PDT by Proud2BeRight
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To: SeekAndFind
Weekly fluctuations will drive you crazy. That's why everyone looks at the 4 week moving average and that continues to trend down.


10 posted on 04/24/2014 7:20:17 AM PDT by Wyatt's Torch
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To: Wyatt's Torch

Has the labor participation rate been trending up?


11 posted on 04/24/2014 7:21:48 AM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: eCSMaster

Look at the chart I posted in 10. Wee are near the lows of the past 30+ years


12 posted on 04/24/2014 7:21:53 AM PDT by Wyatt's Torch
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To: SeekAndFind

LOL! Seriously? A late Easter? They are scraping the bottom of the Excuse-barrel!


13 posted on 04/24/2014 7:22:05 AM PDT by Tallguy
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To: SeekAndFind
No. It peaked in the late 90's and has been declining ever since. Some demographic issues (boomers) other structural due to slow economic growth (sub 2%) and another issue is related to women leaving the workforce. Women participation rate also peaked in the late 90"s. Participation rate for men has been declining steadily since the 1950's.


14 posted on 04/24/2014 7:28:34 AM PDT by Wyatt's Torch
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To: Wyatt's Torch

The downward slope seems to have sharpened drastically since 2009. Not a good sign.


15 posted on 04/24/2014 7:29:48 AM PDT by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: Tallguy

It’s the same as blaming it on the weather. I don’t know of any state that allows you to file for unemployment because you miss a few days due to “weather”. Most have a 2 week waiting period.


16 posted on 04/24/2014 7:30:54 AM PDT by anoldafvet (If you think the government is capable of taking care of you, just look at the indian tribes)
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To: anoldafvet

Well, I think the survey portion of the UE statistics does attempt to “get at” hours worked, but seriously... some people get Good Friday, but a lot don’t. Sheesh!


17 posted on 04/24/2014 7:36:41 AM PDT by Tallguy
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To: Cringing Negativism Network
The only 'issues' are when the numbers go up...come on...GET IT RIGHT!!

Unemployment Claims go Down = All Powerful Obama's policies are working!!

Unemployment Claims go Up = Weather/Seasonality/Mean Republicans are causing the increase!!

(/sarcasm off)

18 posted on 04/24/2014 7:39:05 AM PDT by Fedupwithit (It's far past time to make people start living with their idiotic decisions.)
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To: SeekAndFind

That’s the economic piece. The demographics have been in place for decades. Demographics is destiny.


19 posted on 04/24/2014 8:08:03 AM PDT by Wyatt's Torch
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To: SeekAndFind
Just so you have it, here is the rate for men:

Here it is for women:


20 posted on 04/24/2014 8:11:51 AM PDT by Wyatt's Torch
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