Thursday, June 25, 2015

Weekly Initial Unemployment Claims increased to 271,000

by Bill McBride on 6/25/2015 08:33:00 AM

The DOL reported:

In the week ending June 20, the advance figure for seasonally adjusted initial claims was 271,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 267,000 to 268,000. The 4-week moving average was 273,750, a decrease of 3,250 from the previous week's revised average. The previous week's average was revised up by 250 from 276,750 to 277,000.

There were no special factors impacting this week's initial claims.
The previous week was revised up by 1,000.

The following graph shows the 4-week moving average of weekly claims since 1971.

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 273,750.

This was below the consensus forecast of 273,000, and the low level of the 4-week average suggests few layoffs.