Wednesday, December 24, 2014

Weekly Initial Unemployment Claims decreased to 280,000

by Bill McBride on 12/24/2014 08:50:00 AM

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.

There were no special factors impacting this week's initial claims
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 decreased to 290,250.

This was lower than the consensus forecast of 290,000, and the level suggests few layoffs.