by Bill McBride on 5/09/2013 08:35:00 AM
Thursday, May 09, 2013
The DOL reports:
In the week ending May 4, the advance figure for seasonally adjusted initial claims was 323,000, a decrease of 4,000 from the previous week's revised figure of 327,000. The 4-week moving average was 336,750, a decrease of 6,250 from the previous week's revised average of 343,000.The previous week was revised up from 324,000.
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 336,750.
The 4-week average is at the lowest level since the recession started in December 2007. Claims were below the 335,000 consensus forecast.
Posted by Bill McBride on 5/09/2013 08:35:00 AM