by Calculated Risk on 9/27/2012 08:30:00 AM
Thursday, September 27, 2012
Weekly Initial Unemployment Claims decline to 359,000
Other releases: From the BEA, Q2 GDP was revised down to 1.3% from 1.7%.
From the Census Bureau:
New orders for manufactured durable goods in August decreased $30.1 billion or 13.2 percent to $198.5 billion, the U.S. Census Bureau announced today. This decrease, down following three consecutive monthly increases, was the largest decrease since January 2009 and followed a 3.3 percent July increase.The decline was due to the volatile transportation sector.
The DOL reports:
In the week ending September 22, the advance figure for seasonally adjusted initial claims was 359,000, a decrease of 26,000 from the previous week's revised figure of 385,000. The 4-week moving average was 374,000, a decrease of 4,500 from the previous week's revised average of 378,500.The previous week was revised up from 382,000.
The following graph shows the 4-week moving average of weekly claims since January 2000.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqLiIppi3AkUR8CSZVs2arU31yQO3_gjjr34LvTIYSn2yB2Hz3203UzUxTARBfxEarbz6XgNGyKZuUEwcGPjZc2vVoEcBey2R2Tb8cWhHzHt60p_UGvKKtwx6Jrbr_4n9VKR3C/s320/WeeklyClaimsSept272012.jpg)
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 increased to 374,000.
This was below the consensus forecast of 376,000.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjatDHCrat6S_oSWpSO-xM3obT5fejiFgyC3j6wIUEJDcfiJ_oCvK5mApgOjgNI3qJu2l0wkBIqIKWUjeMywZVtjVUHmIVuoabjFEsI97kzdFhTZgD8T0Cs978gfCX-DAVwHJ3Q/s320/WeeklyClaimsLongSep27t2012.jpg)
And here is a long term graph of weekly claims:
Mostly moving sideways this year, but moving up recently.