Thursday, June 15, 2017

Weekly Initial Unemployment Claims decrease to 237,000

by Bill McBride on 6/15/2017 08:35:00 AM

The DOL reported:

In the week ending June 10, the advance figure for seasonally adjusted initial claims was 237,000, a decrease of 8,000 from the previous week's unrevised level of 245,000. The 4-week moving average was 243,000, an increase of 1,000 from the previous week's unrevised average of 242,000.
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 increased to 243,000.

This was below the consensus forecast.

The low level of claims suggests relatively few layoffs.