Thursday, September 24, 2015

Weekly Initial Unemployment Claims increased to 267,000

by Bill McBride on 9/24/2015 08:33:00 AM

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.

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 271,750.

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