Unemployment goes up again

Staffing Industry Analysts reports:

U.S. initial claims for unemployment insurance rose by 37,000, or 8.7%, to 464,000 in the week ended July 17, according to seasonally adjusted numbers released today by the U.S. Department of Labor.

Jobless claims for the previous week, ended July 10, were revised down by 2,000 to 427,000.

The four-week moving average of claims for the week ended July 17 rose by 1,250, or 0.3%, from the previous week's revised average of 454,750.

USA Staffing Services:

So the moving average is up a sliver. Fair enough! :)

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Initial claims for unemployment drop

As reported by Staffing Industry Analysts, the most recent numbers from Bureau of Labor Statistics are still ... not bad.

"U.S. initial claims for unemployment insurance fell to 429,000 in the week ended July 10 on a seasonally adjusted basis, down 29,000 from the previous week's revised figure of 458,000, the U.S. Department of Labor reported today.
Reuters reported that analyst had anticipated claims would fall only to 450,000.

The four-week moving average of claims for the week ended July 10 fell to 455,250, down 11,750 from the previous week's revised average of 467,000.

Jobless claims for the week ended July 3 were revised up to 458,000, an increase of 4,000 from last week's initially reported number. Initial unemployment for the week ended July 3 were still down 17,000 from the prior week.

Florida posted the largest decline in jobless claims in the week ended July 3, down 3,586, amid fewer layoffs in the construction, trade, service and manufacturing industries as well as agriculture, according to new data from the Department of Labor."

USA Staffing Services:
Feeling like a bit of a broken record, repeating the mantra: going in the right direction. But eventually going in the right direction long enough can be a very good thing.

Over the coming months and years, more and more companies will rely on staffing firms to provide payrolling and other HR services, including recruiting. To gain a strategic advantage over your competitors, check out our Web site.

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Metro Employment and Unemployment Summary

From the Bureau of Labor Statistics, Metropolitan Employment and Unemployment Summary:

Unemployment rates were higher in May than a year earlier in 222 of the 372 metropolitan areas, lower in 141 areas, and unchanged in 9 areas, the U.S. Bureau of Labor Statistics reported today. Thirteen areas recorded jobless rates of at least 15.0 percent, while 9 areas registered rates below 5.0 percent. The national unemployment rate in May was 9.3 percent, not seasonally adjusted, compared with 9.1 percent a year earlier.

In May, 124 metropolitan areas reported jobless rates of at least 10.0 percent, up from 107 areas a year earlier, while 70 areas posted rates below 7.0 percent, down from 91 areas in May 2009. El Centro, Calif., and Yuma, Ariz., again recorded the highest unemployment rates, 27.5 and 27.2 percent, respectively. Among the 13 areas with jobless rates of at least 15.0 percent, 11 were located in California. Bismarck, N.D., registered the lowest unemployment rate in May, 3.1 percent, followed by Fargo, N.D.-Minn., 3.5 percent, and Grand Forks, N.D.-Minn., 3.8 percent. Overall, 149 areas recorded unemployment rates above the U.S. figure of 9.3 percent, 218 areas reported rates below it, and 5 areas had rates equal to that of the nation.

USA Staffing Services:

http://www.usastaffingservices.com/