by Bill McBride on 11/23/2011 08:30:00 AM
Wednesday, November 23, 2011
The DOL reports:
In the week ending November 19, the advance figure for seasonally adjusted initial claims was 393,000, an increase of 2,000 from the previous week's revised figure of 391,000. The 4-week moving average was 394,250, a decrease of 3,250 from the previous week's revised average of 397,500.
The following graph shows the 4-week moving average of weekly claims since January 2000.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased this week to 394,250.
This is the lowest level for the 4 week average since early April - although this is still elevated.
And here is a long term graph of weekly claims:
Posted by Bill McBride on 11/23/2011 08:30:00 AM