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Thursday, April 28, 2011

Weekly Initial Unemployment Claims increase, 4-Week average over 400,000

by Calculated Risk on 4/28/2011 08:30:00 AM

The DOL reports on weekly unemployment insurance claims:

In the week ending April 23, the advance figure for seasonally adjusted initial claims was 429,000, an increase of 25,000 from the previous week's revised figure of 404,000. The 4-week moving average was 408,500, an increase of 9,250 from the previous week's revised average of 399,250.
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 to 408,250.

Weekly claims have increased over the last few weeks, and this is the first time the four-week average was above 400,000 in two months.