Thursday, March 30, 2017

Weekly Initial Unemployment Claims decrease to 258,000

by Bill McBride on 3/30/2017 08:40:00 AM

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.
emphasis added
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.