by Bill McBride on 10/28/2010 08:30:00 AM
Thursday, October 28, 2010
The DOL reports on weekly unemployment insurance claims:
In the week ending Oct. 23, the advance figure for seasonally adjusted initial claims was 434,000, a decrease of 21,000 from the previous week's revised figure of 455,000. The 4-week moving average was 453,250, a decrease of 5,500 from the previous week's revised average of 458,750.Click on graph for larger image in new window.
This graph shows the 4-week moving average of weekly claims since January 2000.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased this week by 5,500 to 453,250.
This is the lowest level for weekly claims and the 4-week average since July, however the 4-week moving average has been moving sideways at an elevated level for almost a year - and that suggests a weak job market.
Posted by Bill McBride on 10/28/2010 08:30:00 AM