Thursday, February 18, 2016

Weekly Initial Unemployment Claims decrease to 262,000

by Bill McBride on 2/18/2016 08:33:00 AM

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.

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 273,250.

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