by Bill McBride on 11/25/2009 08:30:00 AM
Wednesday, November 25, 2009
The DOL reports on weekly unemployment insurance claims:
In the week ending Nov. 21, the advance figure for seasonally adjusted initial claims was 466,000, a decrease of 35,000 from the previous week's revised figure of 501,000 [revised from 505,000]. The 4-week moving average was 496,500, a decrease of 16,500 from the previous week's revised average of 513,000.Click on graph for larger image in new window.
The advance number for seasonally adjusted insured unemployment during the week ending Nov. 14 was 5,423,000, a decrease of 190,000 from the preceding week's revised level of 5,613,000.
This graph shows the 4-week moving average of weekly claims since 1971.
The four-week average of weekly unemployment claims decreased this week by 16,500 to 496,500. This is the lowest level since last November.
This is good news - although the level is still high suggesting continuing job losses in November.
Posted by Bill McBride on 11/25/2009 08:30:00 AM