by Bill McBride on 7/30/2015 09:21:00 AM
Thursday, July 30, 2015
The DOL reported:
In the week ending July 25, the advance figure for seasonally adjusted initial claims was 267,000, an increase of 12,000 from the previous week's unrevised level of 255,000. The 4-week moving average was 274,750, a decrease of 3,750 from the previous week's unrevised average of 278,500.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 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 274,750.
This was lower than the consensus forecast of 272,000, and the low level of the 4-week average suggests few layoffs.
Posted by Bill McBride on 7/30/2015 09:21:00 AM