by Bill McBride on 3/30/2017 08:40:00 AM
Thursday, March 30, 2017
The DOL reported:
In the week ending March 25, the advance figure for seasonally adjusted initial claims was 258,000, a decrease of 3,000 from the previous week's unrevised level of 261,000. The 4-week moving average was 254,250, an increase of 7,750 from the previous week's unrevised average of 246,500.The previous week was revised up.
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 254,250.
This was above the consensus forecast.
The low level of claims suggests relatively few layoffs.
Posted by Bill McBride on 3/30/2017 08:40:00 AM