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Thursday, April 14, 2011

Weekly Initial Unemployment Claims increase to 412,000

by Calculated Risk on 4/14/2011 08:39:00 AM

The DOL reports on weekly unemployment insurance claims:

In the week ending April 9, the advance figure for seasonally adjusted initial claims was 412,000, an increase of 27,000 from the previous week's revised figure of 385,000. The 4-week moving average was 395,750, an increase of 5,500 from the previous week's revised average of 390,250.
Weekly Unemployment Claims Click on graph for larger image in graph gallery.

This graph shows the 4-week moving average of weekly claims for the last 40 years. The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased this week to 395,750.

This is the 7th consecutive week with the 4-week average below the 400,000 level (not by much). This is the highest weekly level since early February.