Thursday, August 14, 2014

Weekly Initial Unemployment Claims increase to 311,000

by Bill McBride on 8/14/2014 08:38:00 AM

The DOL reports:

In the week ending August 9, the advance figure for seasonally adjusted initial claims was 311,000, an increase of 21,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 289,000 to 290,000. The 4-week moving average was 295,750, an increase of 2,000 from the previous week's revised average. The previous week's average was revised up by 250 from 293,500 to 293,750.

There were no special factors impacting this week's initial claims.
The previous week was revised up to 290,000.

The following graph shows the 4-week moving average of weekly claims since January 1971.

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 295,750.

This was higher than the consensus forecast of 295,000. 

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