by Bill McBride on 2/18/2016 08:33:00 AM
Thursday, February 18, 2016
The DOL reported:
In the week ending February 13, the advance figure for seasonally adjusted initial claims was 262,000, a decrease of 7,000 from the previous week's unrevised level of 269,000. The 4-week moving average was 273,250, a decrease of 8,000 from the previous week's unrevised average of 281,250.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 273,250.
This was below the consensus forecast of 275,000. The low level of the 4-week average suggests few layoffs.
Posted by Bill McBride on 2/18/2016 08:33:00 AM