by Calculated Risk on 3/24/2011 08:39:00 AM
Thursday, March 24, 2011
The DOL reports on weekly unemployment insurance claims:
In the week ending March 19, the advance figure for seasonally adjusted initial claims was 382,000, a decrease of 5,000 from the previous week's revised figure of 387,000. The 4-week moving average was 385,250, a decrease of 1,500 from the previous week's revised average of 386,750.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 decreased this week by 1,500 to 385,250.
This is the 4th consecutive week with the 4-week average below the 400,000 level, and although there is nothing magical about 400,000, this is a small positive step for the labor market.
Posted by Calculated Risk on 3/24/2011 08:39:00 AM