|This email was sent to you by:|
Tonya W. Kenon |
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
ECON: Jobless Claims Distorted by Computer Problems Again
Posted to: Micro News
Thursday, September 19, 2013 8:48 AM
- Claims 309k vs 330k forecast
- Last week revised to 294k from 292k
- None of that may matter because the Labor Department says that two states were still processing a backlog of claims due to the same issue that affected last week's claims--hence the low print today and no major revision to last week. As such, bond markets have essentially tossed out the result and await the 10am data.
In the week ending September 7, the advance figure for seasonally adjusted initial claims was 292,000, a decrease of 31,000 from the previous week's unrevised figure of 323,000. The 4-week moving average was 321,250, a decrease of 7,500 from the previous week's revised average of 328,750.
The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending August 31, 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 August 31 was 2,871,000, a decrease of 73,000 from the preceding week's revised level of 2,944,000. The 4-week moving average was 2,953,000, a decrease of 24,750 from the preceding week's revised average of 2,977,750.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.