Quote of the Day: December 15, 2011
Depatment of "Huh!?"

Unemployment Insurance Claims: Good News--But the Seasonal Adjustment Factor Makes It Shaky News

The Department of Labor:

ETA Press Release: Unemployment Insurance Weekly Claims Report: In the week ending December 10, the advance figure for seasonally adjusted initial claims was 366,000, a decrease of 19,000 from the previous week's revised figure of 385,000….

The advance number of actual initial claims under state programs, unadjusted, totaled 433,287 in the week ending December 10, a decrease of 95,506 from the previous week. There were 491,776 initial claims in the comparable week in 2010…

The Seasonal Factor in Initial Unemployment Insurance Claims:

FRED Graph  St Louis Fed 1