by Calculated Risk on 3/04/2010 08:29:00 AM
Thursday, March 04, 2010
Weekly Initial Unemployment Claims decline to 469,000
The DOL reports on weekly unemployment insurance claims:
In the week ending Feb. 27, the advance figure for seasonally adjusted initial claims was 469,000, a decrease of 29,000 from the previous week's revised figure of 498,000. The 4-week moving average was 470,750, a decrease of 3,500 from the previous week's revised average of 474,250.
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The advance number for seasonally adjusted insured unemployment during the week ending Feb. 20 was 4,500,000, a decrease of 134,000 from the preceding week's revised level of 4,634,000.
![Weekly Unemployment Claims](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQk5gZlykhxdCmGLLDpk2wWfxS3BdDZBeS4IyzRYmrX_FB3CGvHY9xtoovU8BIqwoJ3MVU9OJiyji3wgsWIaW0gkcKRF9C5R90i1Ff6tbtHAO8xE9sTkcsMVKrwu6tH0FIIr-s/s320/WeeklyClaimsMar42010.jpg)
This graph shows the 4-week moving average of weekly claims since 1971.
The four-week average of weekly unemployment claims decreased this week by 3,500 to 470,750.
The current level of 469,000 (and 4-week average of 470,750) are very high and suggest continuing job losses in February.