Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
Related: About this forumUS Jobless Claims Hit Three-Month High as Labor Market Cools
Economics
Jobs
US Jobless Claims Hit Three-Month High as Labor Market Cools
Applications rose to 240,000; economists expected 225,000
Continuing claims also increased amid layoffs in tech sector
By Augusta Saraiva
November 23, 2022, 1:35 PM UTC Updated on November 23, 2022, 2:02 PM UTC
Applications for US unemployment benefits rose last week to a three-month high amid a wave of layoffs at technology companies, a sign of cooling in a tight labor market.
Initial unemployment claims increased by 17,000 to 240,000 in the week ended Nov. 19, Labor Department data showed Wednesday. The median estimate in a Bloomberg survey of economists called for 225,000.
{snip}
Jobs
US Jobless Claims Hit Three-Month High as Labor Market Cools
Applications rose to 240,000; economists expected 225,000
Continuing claims also increased amid layoffs in tech sector
By Augusta Saraiva
November 23, 2022, 1:35 PM UTC Updated on November 23, 2022, 2:02 PM UTC
Applications for US unemployment benefits rose last week to a three-month high amid a wave of layoffs at technology companies, a sign of cooling in a tight labor market.
Initial unemployment claims increased by 17,000 to 240,000 in the week ended Nov. 19, Labor Department data showed Wednesday. The median estimate in a Bloomberg survey of economists called for 225,000.
{snip}
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
2 replies, 649 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
2 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
US Jobless Claims Hit Three-Month High as Labor Market Cools (Original Post)
mahatmakanejeeves
Nov 2022
OP
mahatmakanejeeves
(60,964 posts)1. From the source:
https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20222224.pdf
https://www.dol.gov/ui/data.pdf
https://www.dol.gov/ui/data.pdf
News Release
Connect with DOL at
https://blog.dol.gov
TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Wednesday, November 23, 2022
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS
SEASONALLY ADJUSTED DATA
In the week ending November 19, the advance figure for seasonally adjusted initial claims was 240,000, an increase of 17,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 226,750, an increase of 5,500 from the previous week's revised average. The previous week's average was revised up by 250 from 221,000 to 221,250.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending November 12, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 12 was 1,551,000, an increase of 48,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 1,507,000 to 1,503,000. The 4-week moving average was 1,509,750, an increase of 28,250 from the previous week's unrevised average of 1,481,500.
{snip}
UNADJUSTED DATA
{snip}
The total number of continued weeks claimed for benefits in all programs for the week ending November 5 was 1,256,068, a decrease of 50,474 from the previous week. There were 2,284,791 weekly claims filed for benefits in all programs in the comparable week in 2021.
{snip the rest of the ten-page news release, until the end}
Weekly Claims Archives
Weekly Claims Data
U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at (202) 693-7828 (voice) or (800) 877-8339 (federal relay).
U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 22-2224-NAT
Program Contacts:
Kevin Stapleton: (202) 321-2810 {Note the new telephone number this week. It looks like his home phone number. His work number used to be (202) 693-3009.}
Media Contact: (202) 693-4676
Connect with DOL at
https://blog.dol.gov
TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Wednesday, November 23, 2022
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS
SEASONALLY ADJUSTED DATA
In the week ending November 19, the advance figure for seasonally adjusted initial claims was 240,000, an increase of 17,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 226,750, an increase of 5,500 from the previous week's revised average. The previous week's average was revised up by 250 from 221,000 to 221,250.
The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending November 12, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 12 was 1,551,000, an increase of 48,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 1,507,000 to 1,503,000. The 4-week moving average was 1,509,750, an increase of 28,250 from the previous week's unrevised average of 1,481,500.
{snip}
UNADJUSTED DATA
{snip}
The total number of continued weeks claimed for benefits in all programs for the week ending November 5 was 1,256,068, a decrease of 50,474 from the previous week. There were 2,284,791 weekly claims filed for benefits in all programs in the comparable week in 2021.
{snip the rest of the ten-page news release, until the end}
Weekly Claims Archives
Weekly Claims Data
U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at (202) 693-7828 (voice) or (800) 877-8339 (federal relay).
U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 22-2224-NAT
Program Contacts:
Kevin Stapleton: (202) 321-2810 {Note the new telephone number this week. It looks like his home phone number. His work number used to be (202) 693-3009.}
Media Contact: (202) 693-4676
Warpy
(113,130 posts)2. Tech workers are likely over represented
since Twitter and Farcebook have both slashed their work forces, Twitter to the point it might actually self destruct.
Gotta love employers who throw people out of work just before the major holidays.