by Bill McBride on 6/28/2012 08:30:00 AM
Thursday, June 28, 2012
The DOL reports:
In the week ending June 23, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 6,000 from the previous week's revised figure of 392,000. The 4-week moving average was 386,750, a decrease of 750 from the previous week's revised average of 387,500.The previous week was revised up from 387,000 to 392,000.
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 declined slightly to 386,750.
This is just off the high for the year.
And here is a long term graph of weekly claims:
This was near the consensus forecast of 385,000 and suggests some renewed weakness in the labor market.
Posted by Bill McBride on 6/28/2012 08:30:00 AM