10 October 2013

It's Jobless Thursday

And the numbers suck, but as with the past few weeks, there are computer/reporting issues, so the accuracy is suspect:
Claims for U.S. jobless benefits jumped last week to the highest level in six months, providing the first statistical warning that the damage from the partial federal shutdown is starting to ripple through the economy.

While half the increase came from California as the state worked through a backlog following a switch in computer systems, another 15,000 reflected the furlough of non-federal workers from employers losing government business, a Labor Department spokesman said as the data was released to the press. Applications (INJCJC) for unemployment insurance benefits surged by 66,000 in the week ended Oct. 5 to 374,000, the most since late March, figures from the Labor Department showed today in Washington.
Hopefully, we will start seeing some "normal" numbers in the next few weeks.


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