by Bill McBride on 10/01/2015 08:35:00 AM
Thursday, October 01, 2015
The DOL reported:
In the week ending September 26, the advance figure for seasonally adjusted initial claims was 277,000, an increase of 10,000 from the previous week's unrevised level of 267,000. The 4-week moving average was 270,750, a decrease of 1,000 from the previous week's unrevised average of 271,750.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 270,750.
This was above the consensus forecast of 272,000, and the low level of the 4-week average suggests few layoffs.
Posted by Bill McBride on 10/01/2015 08:35:00 AM