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Thursday, August 16, 2012

Weekly Initial Unemployment Claims increase to 366,000

by Calculated Risk on 8/16/2012 08:30:00 AM

The DOL reports:

In the week ending August 11, the advance figure for seasonally adjusted initial claims was 366,000, an increase of 2,000 from the previous week's revised figure of 364,000. The 4-week moving average was 363,750, a decrease of 5,500 from the previous week's revised average of 369,250.
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 decreased to 363,750.

This was at the consensus forecast of 365,000.

And here is a long term graph of weekly claims:

The 4-week average post-bubble low is 363,000; this week the average was just above that level at 363,750.

All current Employment Graphs