by Bill McBride on 11/04/2010 08:30:00 AM
Thursday, November 04, 2010
The DOL reports on weekly unemployment insurance claims:
In the week ending Oct. 30, the advance figure for seasonally adjusted initial claims was 457,000, an increase of 20,000 from the previous week's revised figure of 437,000. The 4-week moving average was 456,000, an increase of 2,000 from the previous week's revised average of 454,000.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 increased this week by 2,000 to 456,000.
The 4-week moving average has been moving sideways at an elevated level for almost a year - a sign of a weak job market.
Posted by Bill McBride on 11/04/2010 08:30:00 AM