Thursday, August 06, 2015

Weekly Initial Unemployment Claims increased to 270,000

by Bill McBride on 8/06/2015 08:33:00 AM

The DOL reported:

In the week ending August 1, the advance figure for seasonally adjusted initial claims was 270,000, an increase of 3,000 from the previous week's unrevised level of 267,000. The 4-week moving average was 268,250, a decrease of 6,500 from the previous week's unrevised average of 274,750.

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 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 268,250.

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