by Bill McBride on 6/14/2012 08:30:00 AM
Thursday, June 14, 2012
The DOL reports:
In the week ending June 9, the advance figure for seasonally adjusted initial claims was 386,000, an increase of 6,000 from the previous week's revised figure of 380,000. The 4-week moving average was 382,000, an increase of 3,500 from the previous week's revised average of 378,500.The previous week was revised up from 377,000 to 380,000.
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 increased to 382,000.
The average has been between 363,000 and 384,000 all year, and this is near the high for the year.
And here is a long term graph of weekly claims:
This was above to the consensus forecast of 375,000.
Posted by Bill McBride on 6/14/2012 08:30:00 AM