As I go through the unemployment claims numbers from this week, I'm a bit mollified that the computer glitch that prevented two states from reporting complete claims the last few weeks has finally been fixed.
Claims came in at 305,000 this week, which is a six year low. On September 12th claims came in at 292,000 or 294,000 for the week of September 7- depending on if you believe Bloomberg or the Dept. of Labor's numbers. But in any event either number excluded some claims that got lost due to that computer glitch.
But then, on second thought, I wonder if the glitch really has been fixed and complete numbers reported.
Just last week California, one of the states implicated in the glitch, admitted that the problem was getting worse, according to the Sacramento Bee :
A computer problem delaying unemployment benefits for thousands of Californians has grown far wider in recent days, with an increasing number of people left unpaid and the state backing off its claim the issue might be resolved by week’s end.
The problem is significant enough it affected weekly reporting of initial jobless claims by the U.S. Department of Labor. In data released Thursday, the federal government said initial claims in California decreased by 25,412 in the week ending Sept. 7, an unusually steep decline.
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