Thursday, April 19, 2018

Weekly Initial Unemployment Claims decrease to 232,000

by Bill McBride on 4/19/2018 08:33:00 AM

The DOL reported:

In the week ending April 14, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 1,000 from the previous week's unrevised level of 233,000. The 4-week moving average was 231,250, an increase of 1,250 from the previous week's unrevised average of 230,000.

Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.
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 231,250.

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