by Bill McBride on 7/22/2010 08:30:00 AM
Thursday, July 22, 2010
The DOL reports on weekly unemployment insurance claims:
In the week ending July 17, the advance figure for seasonally adjusted initial claims was 464,000, an increase of 37,000 from the previous week's revised figure of 427,000. The 4-week moving average was 456,000, an increase of 1,250 from the previous week's revised average of 454,750.Click on graph for larger image in new window.
The advance number for seasonally adjusted insured unemployment during the week ending July 10 was 4,487,000, a decrease of 223,000 from the preceding week's revised level of 4,710,000.
This graph shows the 4-week moving average of weekly claims since January 2000.
The four-week average of weekly unemployment claims increased this week by 1,250 to 456,000.
The dashed line on the graph is the current 4-week average.
The 4-week average of initial weekly claims has been at about the same level since December 2009 (eight months) and the 4-week average of 456,000 is high historically, and suggests a weak labor market.
Posted by Bill McBride on 7/22/2010 08:30:00 AM