by Bill McBride on 2/25/2016 08:34:00 AM
Thursday, February 25, 2016
The DOL reported:
In the week ending February 20, the advance figure for seasonally adjusted initial claims was 272,000, an increase of 10,000 from the previous week's unrevised level of 262,000. The 4-week moving average was 272,000, a decrease of 1,250 from the previous week's unrevised average of 273,250.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 272,000.
This was close to the consensus forecast of 270,000. The low level of the 4-week average suggests few layoffs.
Posted by Bill McBride on 2/25/2016 08:34:00 AM