by Bill McBride on 10/10/2013 08:30:00 AM
Thursday, October 10, 2013
The DOL reports:
In the week ending October 5, the advance figure for seasonally adjusted initial claims was 374,000, an increase of 66,000 from the previous week's unrevised figure of 308,000. The 4-week moving average was 325,000, an increase of 20,000 from the previous week's unrevised average of 305,000.The previous week was unrevised at 308,000.
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 325,000.
Some of this sharp increase is related to the government shutdown.
Note: This information is collected by the states and will continue to be released.
Posted by Bill McBride on 10/10/2013 08:30:00 AM