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From the Department of Labor: weekly new unemployment insurance claims are not rising as rapidly as the seasonal adjustment factor predicts that they should be rising if usual seasonal patterns hold:
ETA Press Release: Unemployment Insurance Weekly Claims Report: In the week ending Nov. 7, the advance figure for seasonally adjusted initial claims was 502,000, a decrease of 12,000 from the previous week's revised figure of 514,000. The 4-week moving average was 519,750, a decrease of 4,500 from the previous week's revised average of 524,250....
The advance number of actual initial claims under state programs, unadjusted, totaled 529,446 in the week ending Nov. 7, an increase of 46,904 from the previous week. There were 539,787 initial claims in the comparable week in 2008...
