by Bill McBride on 6/24/2010 08:30:00 AM
Thursday, June 24, 2010
The DOL reports on weekly unemployment insurance claims:
In the week ending June 19, the advance figure for seasonally adjusted initial claims was 457,000, a decrease of 19,000 from the previous week's revised figure of 476,000. The 4-week moving average was 462,750, a decrease of 1,500 from the previous week's revised average of 464,250.Click on graph for larger image in new window.
The advance number for seasonally adjusted insured unemployment during the week ending June 12 was 4,548,000, a decrease of 45,000 from the preceding week's revised level of 4,593,000.
This graph shows the 4-week moving average of weekly claims since January 2000.
The four-week average of weekly unemployment claims decreased this week by 1,500 to 462,750.
The dashed line on the graph is the current 4-week average.
Initial weekly claims have been at about the same level since December 2009. The current level of 457,000 (and 4-week average of 462,750) is still high, and suggests ongoing weakness in the labor market.
Posted by Bill McBride on 6/24/2010 08:30:00 AM