Holy Crap!

There was a big jump in new jobless claims last week.

In the week ending Nov. 25, the advance figure for seasonally adjusted initial claims was 357,000, an increase of 34,000 from the previous week’s revised figure of 323,000. The 4-week moving average was 325,000, an increase of 7,250 from the previous week’s revised average of 317,750.

4 thoughts on “Holy Crap!

  1. Anonymous says:

    I can’t post the picture here, but if you want to look at how the data has changed over time, go to
    http://www.doleta.gov/unemploy/chartbook.cfm
    Seasonally adjusted Initial Claims data is category 2.
    Its really interesting to look at the graph from 1990 to the present – numbers initially high and then dropped till there was a big spike in 2000 (What happened in 2000? BTW, the spike was well before 9/11 so don’t try to blame it on that).
    You can also look at other categories (such as total claims). Of course, don’t forget that once you’re on unemployment for so long, you can’t get it anymore. At that point, you’re not counted in the numbers but you’re in even more trouble as you don’t have a job and you don’t have unemployment insurance.

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  2. Anonymous says:

    Made a typo twice above. The spike was in 2001.

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  3. Anonymous says:

    What happened in 2001? The dot com boom became the dot com bust, is what happened. Lots of companies closing their doors or trimming their staff, with all the trickle down to other companies in direct relationships or support roles.
    I know. I was there.
    mlorenz

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  4. MapleStreet says:

    Yep, and what political change happened in January 2001?

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