Jobless Update - New UI Claims Down to 2007 Levels

Saturday, 18 February 2012 00:00 Last Updated on Saturday, 18 February 2012 12:40
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New UI Claims Graph, New and Continuing with Moving Averages to February 2012UPDATED February 18, 2012

New Claims for  Unemployment Benefits dropped to their lowest level since late 2007. The previous weeks new and continuing claims have been revised upwards. Continuing claims rose.

The number of new applications for Unemployment Insurance dropped by 13,000 to 348,000 new applications from the previous week's revised figure 0f 361,000, in the week ending 11 february2012, the US Department of Labor  reported Thursday.

Click here for a full range graph of unemployment claims.

The 4-week moving average was 365,250, a decrease of 1,750 from the previous week's revised average of 367,000.

The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending February 4, a decrease of 0.1 percentage point from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending February 4, was 3,426,000, a decrease of 100,000 from the preceding week's revised level of 3,526,000. The 4-week moving average was 3,492,500, a decrease of 8,250 from the preceding week's revised average of 3,500,750.

Does your state qualify for  EUC?

Here are some handy links that has a chart comparing unemployment rates around the world: The G20 Interactive Unemployment Map and state by state interactive map: US States 

Extended benefits were available in Alabama, Alaska, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Washington, West Virginia, and Wisconsin during the week ending January 28.

EB and EUC status.

The economy gained 243,000 jobs in January the government reported in its monthly employment report. The unemployment rate declined  to 15.1(U6) percent. The number of unemployed persons stood at 12.8 million. Long term unemployment (longer than 27 weeks) was 5.5 million, or over 4 in 10 unemployed workers at 42.9%.  Read the January details.

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