by Bill McBride on 7/03/2013 08:35:00 AM
Wednesday, July 03, 2013
The DOL reports:
In the week ending June 29, the advance figure for seasonally adjusted initial claims was 343,000, a decrease of 5,000 from the previous week's revised figure of 348,000. The 4-week moving average was 345,500, a decrease of 750 from the previous week's revised average of 346,250.The previous week was revised up from 346,000.
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 345,500.
The 4-week average has mostly moved sideways over the last few months. Claims were close to the 345,000 consensus forecast.
Posted by Bill McBride on 7/03/2013 08:35:00 AM