by Bill McBride on 8/01/2013 08:30:00 AM
Thursday, August 01, 2013
The DOL reports:
In the week ending July 27, the advance figure for seasonally adjusted initial claims was 326,000, a decrease of 19,000 from the previous week's revised figure of 345,000. The 4-week moving average was 341,250, a decrease of 4,500 from the previous week's revised average of 345,750.
The previous week was revised up from 343,000.
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 341,250.
The 4-week average has mostly moved sideways over the last few months, and is near the low for the year. Claims were below to the 345,000 consensus forecast.
Posted by Bill McBride on 8/01/2013 08:30:00 AM