Thursday, May 18, 2017

Weekly Initial Unemployment Claims decrease to 232,000

by Bill McBride on 5/18/2017 08:33:00 AM

The DOL reported:

In the week ending May 13, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 4,000 from the previous week's unrevised level of 236,000. The 4-week moving average was 240,750, a decrease of 2,750 from the previous week's unrevised average of 243,500.
emphasis added
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 240,750.

This was lower than the consensus forecast.

The low level of claims suggests relatively few layoffs.