by Bill McBride on 12/10/2009 08:30:00 AM
Thursday, December 10, 2009
The DOL reports on weekly unemployment insurance claims:
In the week ending Dec. 5, the advance figure for seasonally adjusted initial claims was 474,000, an increase of 17,000 from the previous week's unrevised figure of 457,000. The 4-week moving average was 473,750, a decrease of 7,750 from the previous week's revised average of 481,500.Click on graph for larger image in new window.
The advance number for seasonally adjusted insured unemployment during the week ending Nov. 28 was 5,157,000, a decrease of 303,000 from the preceding week's revised level of 5,460,000.
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 7,750 to 473,750. This is the lowest level since October 2008.
Although falling, the level of the 4 week average is still high, suggesting continuing job losses.
Posted by Bill McBride on 12/10/2009 08:30:00 AM