Thursday, December 11, 2014

Weekly Initial Unemployment Claims decreased to 294,000

by Bill McBride on 12/11/2014 09:15:00 AM

Earlier from the DOL reported:

In the week ending December 6, the advance figure for seasonally adjusted initial claims was 294,000, a decrease of 3,000 from the previous week's unrevised level of 297,000. The 4-week moving average was 299,250, an increase of 250 from the previous week's unrevised average of 299,000.

There were no special factors impacting this week's initial claims
The previous week was unrevised at 297,000.

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 299,250.

This was close to the consensus forecast of 296,000, and the level suggests few layoffs.