by Bill McBride on 10/04/2012 08:30:00 AM
Thursday, October 04, 2012
The DOL reports:
In the week ending September 29, the advance figure for seasonally adjusted initial claims was 367,000, an increase of 4,000 from the previous week's revised figure of 363,000. The 4-week moving average was 375,000, unchanged from the previous week's revised average.The previous week was revised up from 359,000.
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 was unchanged at 375,000.
This was lower than the consensus forecast of 370,000.
And here is a long term graph of weekly claims:
Mostly moving sideways this year ...
Posted by Bill McBride on 10/04/2012 08:30:00 AM