Thursday, November 30, 2017

Weekly Initial Unemployment Claims decrease to 238,000

by Bill McBride on 11/30/2017 08:33:00 AM

The DOL reported:

In the week ending November 25, the advance figure for seasonally adjusted initial claims was 238,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 239,000 to 240,000. The 4-week moving average was 242,250, an increase of 2,250 from the previous week's revised average. The previous week's average was revised up by 250 from 239,750 to 240,000.

Claims taking procedures continue to be disrupted in the Virgin Islands
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 242,250.

This was slightly lower than the consensus forecast. The low level of claims suggest relatively few layoffs.