by Bill McBride on 9/29/2011 08:30:00 AM
Thursday, September 29, 2011
The DOL reports:
In the week ending September 24, the advance figure for seasonally adjusted initial claims was 391,000, a decrease of 37,000 from the previous week's revised figure of 428,000. The 4-week moving average was 417,000, a decrease of 5,250 from the previous week's revised average of 422,250.The following graph shows the 4-week moving average of weekly claims since January 2000 (there is a longer term graph in graph gallery).
Click on graph for larger image in graph gallery.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims declined this week to 417,000.
This is the lowest level for weekly claims since early April, although the 4-week average is still elevated.
Posted by Bill McBride on 9/29/2011 08:30:00 AM