by Bill McBride on 12/24/2014 08:50:00 AM
Wednesday, December 24, 2014
From the DOL reported:
In the week ending December 20, the advance figure for seasonally adjusted initial claims was 280,000, a decrease of 9,000 from the previous week's unrevised level of 289,000. The 4-week moving average was 290,250, a decrease of 8,500 from the previous week's unrevised average of 298,750.The previous week was unrevised.
There were no special factors impacting this week's initial claims
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 290,250.
This was lower than the consensus forecast of 290,000, and the level suggests few layoffs.
Posted by Bill McBride on 12/24/2014 08:50:00 AM