Wednesday, November 25, 2015

Weekly Initial Unemployment Claims declined to 260,000

by Bill McBride on 11/25/2015 08:38:00 AM

The DOL reported:

In the week ending November 21, the advance figure for seasonally adjusted initial claims was 260,000, a decrease of 12,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 271,000 to 272,000. The 4-week moving average was 271,000, unchanged from the previous week's revised average. The previous week's average was revised up by 250 from 270,750 to 271,000.

There were no special factors impacting this week's initial claims.
The previous week was revised up to 272,000.

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 was unchanged at 271,000.

This was below the consensus forecast of 270,000, and the low level of the 4-week average suggests few layoffs.