by Bill McBride on 11/21/2013 08:36:00 AM
Thursday, November 21, 2013
The DOL reports:
In the week ending November 16, the advance figure for seasonally adjusted initial claims was 323,000, a decrease of 21,000 from the previous week's revised figure of 344,000. The 4-week moving average was 338,500, a decrease of 6,750 from the previous week's revised average of 345,250.The previous week was up from 339,000.
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 338,500.
Some of the recent volatility in weekly claims was due to processing problems in California (now resolved).
Posted by Bill McBride on 11/21/2013 08:36:00 AM