by Bill McBride on 8/12/2010 08:30:00 AM
Thursday, August 12, 2010
The DOL reports on weekly unemployment insurance claims:
In the week ending Aug. 7, the advance figure for seasonally adjusted initial claims was 484,000, an increase of 2,000 from the previous week's revised figure of 482,000. The 4-week moving average was 473,500, an increase of 14,250 from the previous week's revised average of 459,250.Click on graph for larger image in new window.
The advance number for seasonally adjusted insured unemployment during the week ending July 31 was 4,452,000, a decrease of 118,000 from the preceding week's revised level of 4,570,000.
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 14,250 to 473,500.
The dashed line on the graph is the current 4-week average. The 4-week average of initial weekly claims is at the highest level since February, and suggests further weakness in the labor market.
Posted by Bill McBride on 8/12/2010 08:30:00 AM