by Bill McBride on 2/07/2013 08:38:00 AM
Thursday, February 07, 2013
The DOL reports:
In the week ending February 2, the advance figure for seasonally adjusted initial claims was 366,000, a decrease of 5,000 from the previous week's revised figure of 371,000. The 4-week moving average was 350,500, a decrease of 2,250 from the previous week's revised average of 352,750.The previous week was revised up from 368,000.
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 decreased to 350,500.
Weekly claims were above the 360,000 consensus forecast, however the 4-week average is at the lowest level since early 2008.
Posted by Bill McBride on 2/07/2013 08:38:00 AM