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Thursday, June 23, 2011

Cycles Within Cycles, Jobless Claims

Jobless claims following the ebb and flow of the shorter cycles.

Average Weekly Initial Claims State Unemployment (AWIC) And YOY Change


Headline: Jobless claims rise more than expected


New claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, suggesting little improvement in the labor market this month after employment stumbled in May.

Initial claims for state unemployment benefits climbed 9,000 to a seasonally adjusted 429,000, the Labor Department said. The prior week's figure was revised up to 420,000.

Economists polled by Reuters had forecast claims to edge up to 415,000 from a previously reported count of 414,000.

Source: finance.yahoo.com

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