Thursday, November 30, 2006
Time To Start Watching The Unemployment Numbers
State/Change/State Supplied Comment
NC/+1,143/Layoffs in the construction, lumber/wood, furniture, fabricated metals, and transportation industries.
CT/+1,548/Layoffs in the construction industry, and agriculture.
WI/+1,623/Layoffs in the construction, service, and manufacturing industries.
MN/+2,126/Layoffs in the construction industry.
MO/+2,175/Layoffs in the construction and trade industries.
TX/+2,200/Layoffs in the utilities and manufacturing industries.
KY/+2,437/Layoffs in the automobile and manufacturing industries.
FL/+3,020/Layoffs in the construction, trade, service, and manufacturing industries, and agriculture.
OH/+3,091/Layoffs in the construction industry.
IN/+3,263/Layoffs in the automobile industry.
MI/+3,296/Layoffs in the construction industry.
NJ/+3,816/Layoffs in the construction, trade, service, and manufacturing industries.
PA/+8,925/Layoffs in the construction, trade, and service industries.
IL/+9,309/Layoffs in the construction, trade, service, and manufacturing industries.
CA/+9,949/Layoffs in the construction and service industries, and agriculture.
South Carolina and Mississippi had small decreases in initial claims.
Late in the year you generally see a rise in unemployment claims, so the seasonally adjusted (SA) numbers are the relevant figures. You also expect declining construction employment in the winter, but the difference this year is that the decline in permits means that many of these jobs won't be back in the spring.
These figures look as if they may be moving out of the 2004/2005 range in the next few weeks. You can pull the initial unemployment claims for each week since 1967 at this page.
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