by Calculated Risk on 3/15/2012 08:38:00 AM

The DOL reports:

In the week ending March 10, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 14,000 from the previous week's revised figure of 365,000. The 4-week moving average was 355,750, unchanged from the previous week's revised average of 355,750.

The previous week was revised up to 365,000 from 362,000.

The following graph shows the 4-week moving average of weekly claims since January 2000.

Click on graph for larger image.

The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims was unchanged at 355,750.

The 4-week moving average is near the lowest level since early 2008.

And here is a long term graph of weekly claims:




All current Employment Graphs