Note on McAfee: For some users, McAfee incorrectly flagged CR. I've spoken to McAfee, and hopefully this is resolved. You can check Google's site evaluation here.

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.

Last 10 Posts