by Bill McBride on 12/26/2013 08:39:00 AM
Thursday, December 26, 2013
The DOL reports:
In the week ending December 21, the advance figure for seasonally adjusted initial claims was 338,000, a decrease of 42,000 from the previous week's revised figure of 380,000. The 4-week moving average was 348,000, an increase of 4,250 from the previous week's revised average of 343,750.The previous week was revised up from 379,000.
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 348,000.
Weekly claims are frequently volatile during the holidays because of the seasonal adjustment.
Posted by Bill McBride on 12/26/2013 08:39:00 AM