Thursday, February 13, 2014

Weekly Initial Unemployment Claims increase to 339,000

by Bill McBride on 2/13/2014 09:20:00 AM

The DOL reports:

In the week ending February 8, the advance figure for seasonally adjusted initial claims was 339,000, an increase of 8,000 from the previous week's unrevised figure of 331,000. The 4-week moving average was 336,750, an increase of 3,500 from the previous week's revised average of 333,250.
The previous week was unrevised.

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 336,750.

This was the higher than the consensus forecast of 330,000.