Thursday, March 10, 2011

Weekly Initial Unemployment Claims increase to 397,000

by Calculated Risk on 3/10/2011 08:30:00 AM

The DOL reports on weekly unemployment insurance claims:

In the week ending March 5, the advance figure for seasonally adjusted initial claims was 397,000, an increase of 26,000 from the previous week's revised figure of 371,000. The 4-week moving average was 392,250, an increase of 3,000 from the previous week's revised average of 389,250.
Weekly Unemployment Claims Click on graph for larger image in graph gallery.

This graph shows the 4-week moving average of weekly claims for the last 40 years. The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased this week by 3,000 to 392,250.

The 4-week average is still below the 400,000 level, and although there is nothing magical about 400,000 - staying below that level is a good sign for the labor market.