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Thursday, May 02, 2013

Weekly Initial Unemployment Claims decline to 324,000

by Calculated Risk on 5/02/2013 08:30:00 AM

The DOL reports:

In the week ending April 27, the advance figure for seasonally adjusted initial claims was 324,000, a decrease of 18,000 from the previous week's revised figure of 342,000. The 4-week moving average was 342,250, a decrease of 16,000 from the previous week's revised average of 358,250.
The previous week was revised up from 339,000.

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 decreased to 342,250.

Weekly claims were the lowest since 2008, and the 4-week average is just above the low for the year. Claims were below the 345,000 consensus forecast.