Wreckovery -- How They Take That Greatest Depression Frown and Turn It Upside Down

Here's today's press release from The Department of Labor.

It shows you how they take 169,000 increase in REAL PEOPLE becoming unemployed and turn it into 17,000 less PHONY PEOPLE becoming unemployed.

Guess that's how they justify fucking around with extending U.C. benefits.

Remember, this only counts people collecting U.C. and looking for work. So even this isn't the true picture.


And further, remember that we are supposedly in a season when many temporary jobs are filled and unemployment should therefore drop.


But we're doing so much better you bet.

EMPLOYMENT AND TRAINING ADMINISTRATION
USDL 10-1684-NAT

Program Contact:

Scott Gibbons (202) 693-3008

Tony Sznoluch (202) 693-3176

Media Contact :(202) 693-4676

TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL 8:30 A.M. (EDT), THURSDAY
December 9, 2010

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Dec. 4, the advance figure for seasonally adjusted initial claims was 421,000, a decrease of 17,000 from the previous week's revised figure of 438,000. The 4-week moving average was 427,500, a decrease of 4,000 from the previous week's revised average of 431,500.


The advance seasonally adjusted insured unemployment rate was 3.2 percent for the week ending Nov. 27, a decrease of 0.2 percentage point from the prior week's unrevised rate of 3.4 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Nov. 27 was 4,086,000, a decrease of 191,000 from the preceding week's revised level of 4,277,000. The 4-week moving average was 4,226,000, a decrease of 64,250 from the preceding week's revised average of 4,290,250.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 582,007 in the week ending Dec. 4, an increase of 169,085 from the previous week. There were 665,685 initial claims in the comparable week in 2009.

The advance unadjusted insured unemployment rate was 3.3 percent during the week ending Nov. 27, an increase of 0.4 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 4,188,560, an increase of 522,787 from the preceding week. A year earlier, the rate was 4.1 percent and the volume was 5,400,752.

The total number of people claiming benefits in all programs for the week ending Nov. 13 was 8,297,938.

Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin, during the week ending Nov. 20.

Initial claims for UI benefits by former Federal civilian employees totaled 2,445 in the week ending Nov. 27, a decrease of 687 from the prior week. There were 1,574 initial claims by newly discharged veterans, a decrease of 981 from the preceding week.

There were 43,802 former Federal civilian employees claiming UI benefits for the week ending Nov. 20, a decrease of 5,097 from the previous week. Newly discharged veterans claiming benefits totaled 39,843, a decrease of 2,804 from the prior week.

States reported 3,711,136 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Nov. 20, a decrease of 233,032 from the prior week. There were 4,195,322 claimants in the comparable week in 2009. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending Nov. 20 were in Alaska (6.1 percent), Puerto Rico (5.5), Oregon (4.4), Nevada (3.9), Pennsylvania (3.9), California (3.7), Idaho (3.7), Montana (3.7), New Jersey (3.7), Arkansas (3.6), Wisconsin (3.6), and Connecticut (3.5).

The largest increases in initial claims for the week ending Nov. 27 were in Wisconsin (+7,545), Iowa (+2,789), Idaho (+1,810), Indiana (+1,667), and Washington (+1,260), while the largest decreases were in Texas (-8,742), California (-8,320), Florida (-7,027), Georgia (-5,823), and North Carolina (-4,171).


go here for charts that go with this report.


(shhh. . . I swiped this one from John Galt)


go here to read an explanation of the voodoo they do do.