Weekly Initial Unemployment Claims

The weekly initial unemployment claims was released today with rising initial claims.  Initial claims is the number of unemployment claims filed for the first time in the prior week.  Initial claims gives us a glimpse on a shorter term bases on employment reduction.  The trend has been on a downward path for a few weeks, this is a rise from the previous weeks revised up figure by 18k jobs cut. 

The prior weeks initial claims number was revised by by 3000 jobs and is staying between an error range of 2000 to 3000 up.