Skip to main content

The Department of Labor reported Thursday morning that, for the week ending Sept. 29, seasonally adjusted initial claims for unemployment benefits were 367,000. That's an increase of 4,000 from the previous week's revised figure of 363,000, originally reported as 359,000. For the same week of 2011, initial claims were 402,000.

The four-week running average preferred by analysts because it flattens volatility in the weekly number was 375,000, unchanged from the previous week's revised average.

For all programs, state and federal, the total number of people claiming benefits for the week ending Sept. 15 was 5,088,612, a decrease of 85,386 from the previous week. For the same week in 2011, there were 6,859,096 persons claiming benefits. Some of the drop is because claimants have found jobs, some because they have exhausted their benefits.

The Bureau of Labor Statistics will release its politically important monthly jobs report Friday. Experts predict the likely gain in jobs for September was 113,000-118,000. That is just barely above the level needed to keep up with new additions to the working-age population. Automated Data Processing released its monthly report Wednesday showing a seasonally adjusted gain of 162,000 new private-sector jobs for the month ending Sept. 12. For the past six months, ADP has been reporting significantly more private jobs gains than the BLS.

Originally posted to Daily Kos Labor on Thu Oct 04, 2012 at 05:57 AM PDT.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site