Thursday, November 04, 2010

Weekly Initial Unemployment Claims increase to 457,000

by Bill McBride on 11/04/2010 08:30:00 AM

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.
Weekly Unemployment Claims 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.

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