by Bill McBride on 8/15/2013 08:30:00 AM
Thursday, August 15, 2013
The DOL reports:
In the week ending August 10, the advance figure for seasonally adjusted initial claims was 320,000, a decrease of 15,000 from the previous week's revised figure of 335,000. The 4-week moving average was 332,000, a decrease of 4,000 from the previous week's revised average of 336,000.
The previous week was revised up from 333,000.
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 332,000.
The 4-week average is at the lowest level since November 2007 (before the recession started). Claims were below the 330,000 consensus forecast.
Posted by Bill McBride on 8/15/2013 08:30:00 AM