by Bill McBride on 8/16/2012 08:30:00 AM
Thursday, August 16, 2012
The DOL reports:
In the week ending August 11, the advance figure for seasonally adjusted initial claims was 366,000, an increase of 2,000 from the previous week's revised figure of 364,000. The 4-week moving average was 363,750, a decrease of 5,500 from the previous week's revised average of 369,250.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 to 363,750.
This was at the consensus forecast of 365,000.
And here is a long term graph of weekly claims:
The 4-week average post-bubble low is 363,000; this week the average was just above that level at 363,750.
Posted by Bill McBride on 8/16/2012 08:30:00 AM