Thursday, June 14, 2018

Weekly Initial Unemployment Claims decrease to 218,000

by Bill McBride on 6/14/2018 08:33:00 AM

The DOL reported:

In the week ending June 9, the advance figure for seasonally adjusted initial claims was 218,000, a decrease of 4,000 from the previous week's unrevised level of 222,000. The 4-week moving average was 224,250, a decrease of 1,250 from the previous week's unrevised average of 225,500.
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 224,250.

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