{"id":376,"date":"2010-03-18T09:06:00","date_gmt":"2010-03-18T13:06:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=376"},"modified":"2018-08-21T08:51:55","modified_gmt":"2018-08-21T12:51:55","slug":"that-old-blog-standard-jobless-claims","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/03\/18\/that-old-blog-standard-jobless-claims\/","title":{"rendered":"That old blog standard &#8211; jobless claims"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">It&#8217;s Thursday&#8230;it must be time for the weekly initial jobless claims report.\u00a0 Et voila.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">The Department of Labor today reported that initial jobless claims fell by 5,000 last week to a total of 457,000.\u00a0 Meanwhile, the four-week average also went down by 4,250 to 471,250.\u00a0 However, jobless claims lasting more than a week increased by 12,000 to a total of 4,579,000.<\/span><\/p>\n<p><span style=\"font-size: 16px;\"><strong>Analysis:<\/strong> Despite the fact that the Federal Reserve and many institutional forecasters have become comfortable with the labor situation in the U.S., the fact is that the labor market continues to tread water at deep-recessionary levels.\u00a0 What are these people in power smoking?\u00a0 For me, the most important fact in the data this week is that the claims lasting more than a week increased by 12,000.\u00a0 That figure indicates that the job market is souring, and not improving.\u00a0 It&#8217;s like this: we have 5,000 fewer people this week who lost their job a week ago that found work within one week; offset by 12,000 more people this week who lost their job more than a week ago still looking for a job.\u00a0 Which figure seems more important to you?\u00a0 Exactly!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">I would be very, very, very\u00a0surprised if there is a huge improvement in consumer confidence, and hence consumer spending this month.\u00a0 We are half way through the month and the jobs data just do not support a big rise in consumer confidence.\u00a0 Though one of the mitigating factors is that the Obama Administration, as I predicted, is starting to become Populist again and is now talking about improving the unemployment rate.<\/span><\/p>\n<p><span style=\"font-size: 16px;\"><strong>Importance grade:<\/strong> 9; this week I am upping the importance grade because of that 12,000 person increase in folks who have been unemployed for longer than a week who are still looking for work.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s Thursday&#8230;it must be time for the weekly initial jobless claims report.\u00a0 Et voila. The Department of Labor today reported that initial jobless claims fell by 5,000 last week to a total of 457,000.\u00a0 Meanwhile, the four-week average also went down by 4,250 to 471,250.\u00a0 However, jobless claims lasting more than a week increased by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-376","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=376"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/376\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}