The DOL reports:

The DOL reports:

In the week ending January 12, the advance figure for seasonally adjusted initial claims was 335,000, a decrease of 37,000 from the previous week's revised figure of 372,000. The 4-week moving average was 359,250, a decrease of 6,750 from the previous week's revised average of 366,000.

NSA initial claims of 525,422
seasonally adjusted to 364K

Does that mean 200K lost part time holiday jobs?

Little item nobody pays attention to ... how many people are COVERED by Unemployment Insurance.
Change in number of people covered by UI since 2007-Q1
-- 2007 --
583,000
472,063
510,305
452,906

-- 2008 --
387,067
371,606
308,058
211,770

-- 2009 --
-15,557
-203,397
-604,953
-1,255,059

-- 2010 --
-1,695,093
-1,829,860
-1,535,223
-917,668

-- 2011 --
-285,511
12,595
234,728
381,344

-- 2012 --
391,237
468,617
447,365
570,130

-- 2013 --
547,831
Total covered is up to 128,613,913
That's still well under the 133.9 million peak at the end of 2008. But, we've added about 2 million people to the COVERED UI roles in the past year.

Also note the raw initial claims number for current week is almost 30K HIGHER than comparable week in 2012 ... yet current seasonally adjusted number is almost 30K LOWER than 2012's ????????