Thursday, September 17, 2015

Weekly Initial Unemployment Claims decreased to 264,000

by Bill McBride on 9/17/2015 08:45:00 AM

The DOL reported:

In the week ending September 12, the advance figure for seasonally adjusted initial claims was 264,000, a decrease of 11,000 from the previous week's unrevised level of 275,000. The 4-week moving average was 272,500, a decrease of 3,250 from the previous week's unrevised average of 275,750.

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 272,500.

This was below the consensus forecast of 275,000, and the low level of the 4-week average suggests few layoffs.