by Bill McBride on 3/26/2015 08:34:00 AM
Thursday, March 26, 2015
The DOL reported:
In the week ending March 21, the advance figure for seasonally adjusted initial claims was 282,000, a decrease of 9,000 from the previous week's unrevised level of 291,000. The 4-week moving average was 297,000, a decrease of 7,750 from the previous week's unrevised average of 304,750.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 297,000.
This was below the consensus forecast of 293,000, and the low level of the 4-week average suggests few layoffs.
Posted by Bill McBride on 3/26/2015 08:34:00 AM