by Bill McBride on 9/24/2015 08:33:00 AM
Thursday, September 24, 2015
The DOL reported:
In the week ending September 19, the advance figure for seasonally adjusted initial claims was 267,000, an increase of 3,000 from the previous week's unrevised level of 264,000. The 4-week moving average was 271,750, a decrease of 750 from the previous week's unrevised average of 272,500.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 271,750.
This was below the consensus forecast of 275,000, and the low level of the 4-week average suggests few layoffs.
Posted by Bill McBride on 9/24/2015 08:33:00 AM