The Increase in Unemployment Insurance Benefits Is Really Interesting.

Claims, which counts the people filing for unemployment insurance benefits, have been ticking up on a seasonly adjusted basis throughout july. When you look at u i benefits, unadjusted for seasonal fluctuations, they're moving sideways. So that increase kind of factored into the forecast for a weaker job grove. But if i had looked at this sooner, i would realize that u i benefits really had ticked up. And in to day's employment data, and the number of people going from employed to unemployed did not increase.