THE EMPLOYMENT SITUATION -- AUGUST 2013

Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate was little changed at 7.3 percent, the U.S.Bureau of Labor Statistics reported today.

Employment rose in retail trade and health care but declined in information.

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METROPOLITAN AREA EMPLOYMENT AND UNEMPLOYMENT —APRIL 2013

Jobless rates were lower in April than a year earlier in 276 of the 372 metropolitan areas, higher in 78, and unchanged in 18.

Nonfarm payroll employment was up in 274 metropolitan areas over the year, down in 88, and unchanged in 10.

Read the full blown report

Original content +Bob DeMarco , All American Investor

THE EMPLOYMENT SITUATION -- MARCH 2012

Nonfarm payroll employment rose by 120,000 in March, and the unemploymen trate was little changed at 8.2 percent, the U.S. Bureau of Labor Statistics reported today.

Employment rose in manufacturing, food services and drinking places, and health care, but was down in retail trade.

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Jobs Report, The Employment Situation October 2011

Nonfarm payroll employment continued to trend up in October (+80,000),and the unemployment rate was little changed at 9.0 percent, the U.S. Bureau of Labor Statistics reported today.

Employment in the private sector rose, with modest job growth continuing in professional and businesses services, leisure and hospitality, health care, and mining.Government employment continued to trend down.

Both the number of unemployed persons (13.9 million) and the unemployment rate (9.0 percent) changed little over the month. The unemployment rate has remained in a narrow range from 9.0 to 9.2percent since April.

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT 9-22

In the week ending September 17, the advance figure for seasonally adjusted initial claims was 423,000, a decrease of 9,000 from the previous week's revised figure of 432,000. The 4-week moving average was 421,000, an increase of 500 from the previous week's revised average of 420,500.

The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending September 10, unchanged from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending September 10 was 3,727,000, a decrease of 28,000 from the preceding week's revised level of 3,755,000. The 4-week moving average was 3,742,000, a decrease of 6,500 from the preceding week's revised average of 3,748,500.

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Median Duration of Unemployment (Chart)

How bad is the current unemployment situation?

Source U.S. Department of Labor: Bureau of Labor Statistics

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Commissioner's Statement on the Employment Situation

Nonfarm payroll employment rose by 431,000 in May, reflecting the hiring of 411,000 temporary workers for Census 2010.  The unemployment rate edged down to 9.7 percent. Private-sector employment showed little change over the month (+41,000) but has increased by 495,000 since December.

Manufacturing employment continued to rise, with a gain of 29,000 in May.  The industry has added 126,000 jobs thus far in 2010.  Employment growth also continued in temporary help services.  A gain of 31,000 jobs in May was in line with the average increase over the prior 3 months.  Mining employment increased by 10,000 in May; this industry has added 50,000 jobs since October.

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THE UNEMPLOYMENT SITUATION – JANUARY 2010

The unemployment rate fell from 10.0 to 9.7 percent in January, and nonfarm payroll employment was essentially unchanged (-20,000), the U.S. Bureau of Labor Statistics reported today. Employment fell in construction and in transportation and warehousing, while temporary help services and retail trade added jobs.

THE EMPLOYMENT SITUATION -- NOVEMBER 2009

The unemployment rate edged down to 10.0 percent in November, and nonfarm payroll employment was essentially unchanged (-11,000), the U.S. Bureau of Labor Statistics reported today. In the prior 3 months, payroll job losses had averaged 135,000 a month.

In November, employment fell in construction, manufacturing, and information, while temporary help services and health care added jobs.

The change in total nonfarm payroll employment for September was revised from -219,000 to -139,000, and the change for October was revised from -190,000 to -111,000.

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Household Survey Data

In November, both the number of unemployed persons, at 15.4 million, and the unemployment rate, at 10.0 percent, edged down. At the start of the recession in December 2007, the number of unemployed persons was 7.5 million, and the jobless rate was 4.9 percent. (See table A-1.)

Among the major worker groups, unemployment rates for adult men (10.5 per-cent), adult women (7.9 percent), teenagers (26.7 percent), whites (9.3 per-cent), blacks (15.6 percent), and Hispanics (12.7 percent) showed little change in November. The unemployment rate for Asians was 7.3 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed temporary jobs fell by 463,000 in November. The number of long-term unemployed (those jobless for 27 weeks and over) rose by 293,000 to 5.9 million. The percentage of unemployed persons jobless for 27 weeks or more increased by 2.7 percentage points to 38.3 percent. (See tables A-8 and A-9.)

The civilian labor force participation rate was little changed in November at 65.0 percent. The employment-population ratio was unchanged at 58.5 percent.(See table A-1.)

The number of people working part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in November at 9.2 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-5.)

About 2.3 million persons were marginally attached to the labor force in November, an increase of 376,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-13.)

Among the marginally attached, there were 861,000 discouraged workers in November, up from 608,000 a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.5 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

Establishment Survey Data

Total nonfarm payroll employment was essentially unchanged in November (-11,000). Job losses in the construction, manufacturing, and information industries were offset by job gains in temporary help services and health care. Since the recession began, payroll employment has decreased by 7.2 million. (See table B-1.)

Construction employment declined by 27,000 over the month. Job losses had averaged 117,000 per month during the 6 months ending in April and 63,000 per month from May through October. In November, construction job losses were concentrated among nonresidential specialty trade
contractors (-29,000).

Manufacturing employment fell by 41,000 in November. The average monthly decline for the past 5 months (-46,000) was much lower than the average monthly job loss for the first half of this year (-171,000). About 2.1 million manufacturing jobs have been lost since December 2007; the majority of this decline has occurred in durable goods manufacturing (-1.6 million).

Employment in the information industry fell by 17,000 in November. About half of the job loss occurred in its telecommunications component (-9,000).

There was little change in wholesale and retail trade employment in November. Within retail trade, department stores added 8,000 jobs over the month.

The number of jobs in transportation and warehousing, financial activities, and leisure and hospitality showed little change over the month.

Employment in professional and business services rose by 86,000 in November. Temporary help services accounted for the majority of the increase, adding 52,000 jobs. Since July, temporary help services employment has risen by 117,000.

Health care employment continued to rise in November (21,000), with not able gains in home health care services (7,000) and hospitals (7,000). The health care industry has added 613,000 jobs since the recession began in December 2007.

In November, the average workweek for production and nonsupervisory workers on private nonfarm payrolls rose by 0.2 hour to 33.2 hours. The manufacturing workweek increased by 0.3 hour to 40.4 hours. Factory overtime rose by 0.1 hour to 3.4 hours. Since May, the manufacturing workweek has increased by 1.0 hour. (See table B-2.)

In November, average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls edged up by 1 cent, or 0.1 percent, to $18.74. Over the past 12 months, average hourly earnings have risen by 2.2 percent, while average weekly earnings have risen by 1.6 percent. (See table B-3.)

The change in total nonfarm payroll employment for September was revised from -219,000 to -139,000, and the change for October was revised from -190,000 to -111,000.

_____________
The Employment Situation for December is scheduled to be released on Friday, January 8, 2010, at 8:30 a.m. (EST).

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 950 articles with more than 8,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

Original content Bob DeMarco, All American Investor

Civilian Unemployment Rate Jumps to 10.2 Percent (Graph)

In October, the unemployment rate rose to 10.2 percent, the highest rate since April 1983, and nonfarm payroll employment declined by 190,000.

Since the start of the recession, payroll employment has fallen by 7.3 million.

Job losses have averaged 188,000 over the past 3 months.

The employment-population ratio continued to decline in October, falling to 58.5 percent.

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Real Unemployment Jumps to 17.5 Percent (Explanation)

The U-6 (Table A-12: Alternative measures of labor under utilization) measures the real rate of unemployment in the United States.

Most news organizations report the more popular U.S. Department of Labor: Civilian Unemployment Rate. If you read the report today you learned that unemployment is 10.2 percent for September.

If you read Table 12 in the Bureau of Labor Statistics report you learned the real unemployment rate is 17.5 percent, not 10.2 percent.

You would also have noticed the real rate of unemployment is 17.5 percent versus 11.1 percent in September 2008.

Real Unemployment U-6 -- 17.5%

There are other groups of unemployed that are not counted in the more popular employment report. The Bureau of Labor Statistics U-6 report includes the unemployed, and those that have thrown in the towel.

The U-6 report includes:

• Total unemployed
• plus all marginally attached workers
• plus total employed part time for economic reasons

In other words,

• marginally attached workers are persons who currently are neither working nor looking for work, but indicate that they want and are available for a job, and have looked for work sometime in the recent past.
• Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not looking currently for a job.

The U-6 report counts everyone that is unemployed--officially and unofficially.
Here are some other statistics that you might find disconcerting.

• About 2.4 million persons were marginally attached to the labor force in October,
  reflecting an increase of 736,000 from a year earlier. (The data are not sea-
  sonally adjusted.) These individuals were not in the labor force, wanted and
  were available for work, and had looked for a job sometime in the prior 12 months.
  They were not counted as unemployed because they had not searched for work in
  the 4 weeks preceding the survey.
• Among the marginally attached, there were 808,000 discouraged workers in October,
  up from 484,000 a year earlier. (The data are not seasonally adjusted.) Dis-
  couraged workers are persons not currently looking for work because they believe
  no jobs are available for them. The other 1.6 million persons marginally attached
  to the labor force in October had not searched for work in the 4 weeks preceding
  the survey for reasons such as school attendance or family responsibilities.
  
• The average workweek for production and nonsupervisory workers on private nonfarm
  payrolls was unchanged at 33.0 hours in October. The manufacturing workweek rose
  by 0.1 hour to 40.0 hours, and factory overtime increased by 0.2 hour over the
  month.
• The number of long-term unemployed (those jobless for 27 weeks and over) was
  little changed over the month at 5.6 million. In October, 35.6 percent of
  unemployed persons were jobless for 27 weeks or more.
• The civilian labor force participation rate was little changed over the month
  at 65.1 percent. The employment-population ratio continued to decline in
  October, falling to 58.5 percent.

To view this report and the numbers go here.

All of the statistics in this article were sourced from the Department of Labor--Bureau of Labor Statistics.

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Unemployment Leaps to 10.2 Percent (Details)

In October, the unemployment rate rose to 10.2 percent, the highest rate since April 1983, and nonfarm payroll employment declined by 190,000.

Since the start of the recession, payroll employment has fallen by 7.3 million.

Job losses have averaged 188,000 over the past 3 months.

The employment-population ratio continued to decline in October, falling to 58.5 percent.

Since December 2007, payroll employment has fallen by 7.3 million.

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Household Survey Data

In October, the number of unemployed persons increased by 558,000 to 15.7 million. The
unemployment rate rose by 0.4 percentage point to 10.2 percent, the highest rate since April 1983.

Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (10.7 percent) and whites
(9.5 percent) rose in October. The jobless rates for adult women (8.1 percent), teenagers (27.6 percent), blacks (15.7 percent), and Hispanics (13.1 percent) were little changed over the month. The unemployment rate for Asians was 7.5 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over) was little changed over
the month at 5.6 million. In October, 35.6 percent of unemployed persons were jobless for 27 weeks or more. (See table A-9.)

The civilian labor force participation rate was little changed over the month at 65.1 percent.

The employment-population ratio continued to decline in October, falling to 58.5 percent. (See table A-1.)

The number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in October at 9.3 million. These individuals were working parttime because their hours had been cut back or because they were unable to find a full-time job. (See table A-5.)

About 2.4 million persons were marginally attached to the labor force in October, reflecting an
increase of 736,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-13.)

Among the marginally attached, there were 808,000 discouraged workers in October, up from 484,000 a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The other 1.6 million persons marginally attached to the labor force in October had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

Establishment Survey Data

Total nonfarm payroll employment declined by 190,000 in October. In the most recent 3 months, job losses have averaged 188,000 per month, compared with losses averaging 357,000 during the prior 3 months. In contrast, losses averaged 645,000 per month from November 2008 to April 2009.

Since December 2007, payroll employment has fallen by 7.3 million. (See table B-1.)

Construction employment decreased by 62,000 in October. Monthly job losses have averaged 67,000 during the most recent 6 months, compared with an average decline of 117,000 during the prior 6 months. October job losses were concentrated in nonresidential specialty trade contractors (-30,000) and in heavy construction (-14,000). Since December 2007, employment in construction has fallen by 1.6 million.

Manufacturing continued to shed jobs (-61,000) in October, with losses in both durable and nondurable goods production. Over the past 4 months, job losses in manufacturing have averaged 51,000 per month, compared with an average monthly loss of 161,000 from October 2008 through June 2009.

Manufacturing employment has fallen by 2.1 million since December 2007.

Retail trade lost 40,000 jobs in October. Employment declines were concentrated in sporting goods, hobby, book, and music stores (-16,000) and in department stores (-11,000). Employment in transportation and warehousing decreased by 18,000 in October.

Health care employment continued to increase in October (29,000). Since the start of the recession, health care has added 597,000 jobs.

Temporary help services has added 44,000 jobs since July, including 34,000 in October.

From January 2008 through July 2009, temporary help services had lost an average of 44,000 jobs per month.

The average workweek for production and nonsupervisory workers on private nonfarm payrolls was
unchanged at 33.0 hours in October. The manufacturing workweek rose by 0.1 hour to 40.0 hours, and factory overtime increased by 0.2 hour over the month. (See table B-2.)

In October, average hourly earnings of production and nonsupervisory workers on private nonfarm
payrolls rose by 5 cents, or 0.3 percent, to $18.72. Over the past 12 months, average hourly earnings have risen by 2.4 percent, while average weekly earnings have risen by only 0.9 percent due to declines in the average workweek. (See table B-3.)

The change in total nonfarm payroll employment for August was rerevised from -201,000 to -154,000, and the change for September was revised from -263,000 to -219,000.

THE EMPLOYMENT SITUATION – OCTOBER 2009, PDF, 29 pages.

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Real Unemployment Jumps to 17.5 Percent (Explanation)

The U-6 (Table A-12: Alternative measures of labor under utilization) measures the real rate of unemployment in the United States.

Most news organizations report the more popular U.S. Department of Labor: Civilian Unemployment Rate. If you read the report today you learned that unemployment is 10.2 percent for September.

If you read Table 12 in the Bureau of Labor Statistics report you learned the real unemployment rate is 17.5 percent, not 10.2 percent.

You would also have noticed the real rate of unemployment is 17.5 percent versus 11.1 percent in September 2008.

To view this report and the numbers go here.

Real Unemployment U-6 -- 17.5%

There are other groups of unemployed that are not counted in the more popular employment report. The Bureau of Labor Statistics U-6 report includes the unemployed, and those that have thrown in the towel.

The U-6 report includes:

• Total unemployed
• plus all marginally attached workers
• plus total employed part time for economic reasons

In other words,

• marginally attached workers are persons who currently are neither working nor looking for work, but indicate that they want and are available for a job, and have looked for work sometime in the recent past.
• Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not looking currently for a job.

The U-6 report counts everyone that is unemployed--officially and unofficially.
Here are some other statistics that you might find disconcerting.

• About 2.4 million persons were marginally attached to the labor force in October,
  reflecting an increase of 736,000 from a year earlier. (The data are not sea-
  sonally adjusted.) These individuals were not in the labor force, wanted and
  were available for work, and had looked for a job sometime in the prior 12 months.
  They were not counted as unemployed because they had not searched for work in
  the 4 weeks preceding the survey.
• Among the marginally attached, there were 808,000 discouraged workers in October,
  up from 484,000 a year earlier. (The data are not seasonally adjusted.) Dis-
  couraged workers are persons not currently looking for work because they believe
  no jobs are available for them. The other 1.6 million persons marginally attached
  to the labor force in October had not searched for work in the 4 weeks preceding
  the survey for reasons such as school attendance or family responsibilities.
  
• The average workweek for production and nonsupervisory workers on private nonfarm
  payrolls was unchanged at 33.0 hours in October. The manufacturing workweek rose
  by 0.1 hour to 40.0 hours, and factory overtime increased by 0.2 hour over the
  month.
• The number of long-term unemployed (those jobless for 27 weeks and over) was
  little changed over the month at 5.6 million. In October, 35.6 percent of
  unemployed persons were jobless for 27 weeks or more.
• The civilian labor force participation rate was little changed over the month
  at 65.1 percent. The employment-population ratio continued to decline in
  October, falling to 58.5 percent.

All of the statistics in this article were sourced from the Department of Labor--Bureau of Labor Statistics.

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Original content by Bob DeMarco, All American Investor

Unemployment Trend Remains Ugly (Graph)

Savvy investors understand that the market usually bottoms and turns up long before unemployment peaks. In other words, the market discounts the bad news in advance. So it is easy to understand how the market can rally in spite of the negative unemployment report.

There has not been much discussion about the number of people that are falling off the unemployment insurance payrolls each month. Another 1.5-2 million people will stop getting checks by the end of the year. Unless, of course, these benefits are extended. Additionally, the civilian labor force is dropping or the numbers would be much worse.

We will discuss the growing number of people that have been unemployed 27 weeks or longer, and the real unemployment rate shortly.

The uptrend in unemployment is still strong as evidence by this chart.

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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 700 articles with more than 18,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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Original content Bob DeMarco, All American Investor

THE Unempoyment Situation (Bullet Point Version)

Nonfarm payroll employment continued to decline in August (-216,000), and the unemployment rate rose to 9.7 percent, the U.S. Bureau of Labor Statistics reported today. Although job losses continued in many of the major industry sectors in August, the declines have moderated in recent months.

The Situation

• In August, the number of unemployed persons increased by 466,000 to 14.9 million,
• The unemployment rate rose by 0.3 percentage point to 9.7 percent,
• Since the recession began in December 2007, the number of unemployed persons has risen by 7.4 million, and the unemployment rate has grown by 4.8 percentage points,
• The civilian labor force participation rate remained at 65.5 percent in August The employment population ratio, at 59.2 percent, edged down over the month and has declined by 3.5 percentage points since the recession began in December 2007,
• In August, the number of persons working part time for economic reasons was little changed at 9.1 million. These individuals indicated that they were working part time because their hours had been cut back or because they were unable to find a full-time job,
• Among the marginally attached, the number of discouraged workers in August (758,000) has nearly doubled over the past 12 months,
• The average workweek for production and nonsupervisory workers on private nonfarm payrolls was unchanged at 33.1 hours

Employment Situation

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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 700 articles with more than 18,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

People Unemployed 27 Weeks or Longer Rises Sharply (Chart)

News on unemployment was pretty good this morning, right?

The number of people unemployed 27 weeks or longer rose to 4,965,000 versus 4,381,000 a month ago.

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Real Unemployment 16.8 Percent

Among the marginally attached, there were 796,000 discouraged workers in July, up by 335,000 over the past 12 months. (The data are not seasonally adjusted.)

Discouraged workers are persons not currently looking for work because they believe no jobs are available for them.

Not many people are aware of the U-6 report that is issued by the Bureau of Labor Statistics. Most news organizations report the more popular Bureau of Labor Statistics--Civilian Unemployment Rate. If you read this report today then you learned that unemployment was 9.4 percent.

Real Unemployment U-6 -- 16.8%

There is another category of unemployed that are not counted in that report. They are described in the U-6 report this way,

Marginally attached workers are persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached,have given a job-market related reason for not looking currently for a job.

The U-6 report counts everyone that is unemployed. To view the report go here.

U-6

• Total unemployed
• plus all marginally attached workers
• plus total employed part time for economic reasons
• as a percent of the civilian labor force plus all marginally attached workers

The number reported today for this series is 16.8% .

Not a very pretty picture if you fall in these categories.

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Unemployed Now 14.5 Million, Rate 9.4 Percent

Nonfarm payroll employment continued to decline in July (-247,000), and the unemployment rate was little changed at 9.4 percent, the U.S. Bureau of Labor Statistics reported today. The average monthly job loss for May through July
(-331,000) was about half the average decline for November through April (-645,000). In July, job losses continued in many of the major industry sectors.

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Household Survey Data

In July, the number of unemployed persons was 14.5 million. The
unemployment rate was 9.4 percent, little changed for the second
consecutive month. (See table A-1.)

Among the major worker groups,

• unemployment rates for adult men (9.8percent),
• adult women (7.5 percent),
• teenagers (23.8 percent),
• whites(8.6 percent),
• blacks (14.5 percent),
• Hispanics (12.3 percent)
• and Asians was 8.3

The number of long-term unemployed (those jobless for 27 weeks or more)
rose by 584,000 over the month to 5.0 million. In July, 1 in 3 unemploy-
ed persons were jobless for 27 weeks or more. (See table A-9.)

The civilian labor force participation rate declined by 0.2 percentage
point in July to 65.5 percent. The employment-population ratio, at 59.4
percent, was little changed over the month but has declined by 3.3 per-
centage points since the recession began in December 2007. (See
table A-1.)

The number of persons working part time for economic reasons (sometimes
referred to as involuntary part-time workers) was little changed in July
at 8.8 million. The number of such workers rose sharply in the fall and
winter but has been little changed for 4 consecutive months.
(See table A-5.)

About 2.3 million persons were marginally attached to the labor force
in July, 709,000 more than a year earlier. (The data are not seasonally
adjusted.) These individuals, who were not in the labor force, wanted
and were available for work and had looked for a job sometime in the
prior 12 months. They were not counted as unemployed because they had
not searched for work in the 4 weeks preceding the survey. (See
table A-13.)

Among the marginally attached, there were 796,000 discouraged workers
in July, up by 335,000 over the past 12 months. (The data are not
seasonally adjusted.) Discouraged workers are persons not currently
looking for work because they believe no jobs are available for them.
The other 1.5 million persons marginally attached to the labor force
in July had not searched for work in the 4 weeks preceding the survey
for reasons such as school attendance or family responsibilities.

Source BLS

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 700 articles with more than 18,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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Four Week Average of Initial Unemployment Claims (Chart)

The four week moving average of unemployment claims continues to drop.

This week's average of 559,000 compares to 616,00 a month ago.

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Weekly Unemployment Claims Report and Average (Graph)

Initial claims for unemployment, current reading 577,506 versus 559,894 a week ago.



The 4 week moving average of initial claims for unemployment dropped to 606,000 versus 616,000 a week ago. The 4 week average has been over 600,000 since February, 2009.

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 700 articles with more than 18,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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