Thursday, December 18, 2014

Weekly Initial Unemployment Claims decreased to 289,000

by Bill McBride on 12/18/2014 08:33:00 AM

From the DOL reported:

In the week ending December 13, the advance figure for seasonally adjusted initial claims was 289,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 294,000 to 295,000. The 4-week moving average was 298,750, a decrease of 750 from the previous week's revised average. The previous week's average was revised up by 250 from 299,250 to 299,500.

There were no special factors impacting this week's initial claims
The previous week was revised up to 295,000.

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 decreased to 298,750.

This was lower than the consensus forecast of 295,000, and the level suggests few layoffs.