by Bill McBride on 3/18/2010 08:26:00 AM
Thursday, March 18, 2010
The DOL reports on weekly unemployment insurance claims:
In the week ending March 13, the advance figure for seasonally adjusted initial claims was 457,000, a decrease of 5,000 from the previous week's unrevised figure of 462,000. The 4-week moving average was 471,250, a decrease of 4,250 from the previous week's unrevised average of 475,500.Click on graph for larger image in new window.
The advance number for seasonally adjusted insured unemployment during the week ending March 6 was 4,579,000, an increase of 12,000 from the preceding week's revised level of 4,567,000.
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 4,250 to 471,250.
The dashed line on the graph is the current 4-week average. The current level of 457,000 (and 4-week average of 471,250) is still very high, and suggests continuing job losses through the middle of March. Note: There is no way to compare directly between weekly claims, and net payrolls jobs.
Posted by Bill McBride on 3/18/2010 08:26:00 AM