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Thursday, April 21, 2011

Weekly Initial Unemployment Claims decrease, 4-Week average increases to 399,000

by Calculated Risk on 4/21/2011 08:30:00 AM

The DOL reports on weekly unemployment insurance claims:

In the week ending April 16, the advance figure for seasonally adjusted initial claims was 403,000, a decrease of 13,000 from the previous week's revised figure of 416,000. The 4-week moving average was 399,000, an increase of 2,250 from the previous week's revised average of 396,750.
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 to 399,000.

This is the 8th consecutive week with the 4-week average below the 400,000 level (not by much).