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Thursday, May 23, 2013

Weekly Initial Unemployment Claims decline to 340,000

by Bill McBride on 5/23/2013 08:51:00 AM

The DOL reports:

In the week ending May 18, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 23,000 from the previous week's revised figure of 363,000. The 4-week moving average was 339,500, a decrease of 500 from the previous week's revised average of 340,000.
The previous week was revised up from 360,000.

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 339,500.

Claims were slightly below the 345,000 consensus forecast.

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