by Bill McBride on 5/16/2013 08:30:00 AM
Thursday, May 16, 2013
The DOL reports:
In the week ending May 11, the advance figure for seasonally adjusted initial claims was 360,000, an increase of 32,000 from the previous week's revised figure of 328,000. The 4-week moving average was 339,250, an increase of 1,250 from the previous week's revised average of 338,000.The previous week was revised up.
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 339,250.
Claims were well above the 330,000 consensus forecast.
Posted by Bill McBride on 5/16/2013 08:30:00 AM