Thursday, December 10, 2015

Weekly Initial Unemployment Claims increase to 282,000

by Bill McBride on 12/10/2015 08:37:00 AM

The DOL reported:

In the week ending December 5, the advance figure for seasonally adjusted initial claims was 282,000, an increase of 13,000 from the previous week's unrevised level of 269,000. The 4-week moving average was 270,750, an increase of 1,500 from the previous week's unrevised average of 269,250.

There were no special factors impacting this week's initial claims.
The previous week was unrevised at 269,000.

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 increased to 270,750.

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