ETA Press Release: Unemployment Insurance Weekly Claims Report
USDOLETA:
ETA Press Release: Unemployment Insurance Weekly Claims Report: In the week ending July 25, the advance figure for seasonally adjusted initial claims was 584,000, an increase of 25,000 from the previous week's revised figure of 559,000...
We are almost past the summer seasonal spike in unemployment insurance claims, and it looks as though the recent downward spike in seasonally-adjusted claims was spurious: claims are settling at a level 50% above what they were last summer--which means that the unemployment rate is in all probability still rising.
Sigh
