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Thursday, February 20, 2014

Weekly Initial Unemployment Claims decrease to 336,000

by Bill McBride on 2/20/2014 08:33:00 AM

The DOL reports:

In the week ending February 15, the advance figure for seasonally adjusted initial claims was 336,000, a decrease of 3,000 from the previous week's unrevised figure of 339,000. The 4-week moving average was 338,500, an increase of 1,750 from the previous week's unrevised average of 336,750.
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 338,500.

This was close to the consensus forecast of 335,000.  Mostly moving sideways ...

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