by Bill McBride on 9/13/2012 08:30:00 AM
Thursday, September 13, 2012
The DOL reports:
In the week ending September 8, the advance figure for seasonally adjusted initial claims was 382,000, an increase of 15,000 from the previous week's revised figure of 367,000. The 4-week moving average was 375,000, an increase of 3,250 from the previous week's revised average of 371,750The previous week was revised up from 365,000.
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 375,000.
This was above the consensus forecast of 370,000.
Update via MarketWatch: "The government said about 9,000 claims stemmed from the storm that passed through the Gulf Coast in late August."
And here is a long term graph of weekly claims:
Mostly moving sideways this year.
Posted by Bill McBride on 9/13/2012 08:30:00 AM