by Bill McBride on 1/08/2015 08:33:00 AM
Thursday, January 08, 2015
The DOL reported:
In the week ending January 3, the advance figure for seasonally adjusted initial claims was 294,000, a decrease of 4,000 from the previous week's unrevised level of 298,000. The 4-week moving average was 290,500, a decrease of 250 from the previous week's unrevised average of 290,750.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 increased slightly to 290,500.
This was lower than the consensus forecast of 300,000, and the level suggests few layoffs.
Posted by Bill McBride on 1/08/2015 08:33:00 AM