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Thursday, June 13, 2013

Weekly Initial Unemployment Claims decline to 334,000

by Calculated Risk on 6/13/2013 09:15:00 AM

Catching up ... the DOL reports:

In the week ending June 8, the advance figure for seasonally adjusted initial claims was 334,000, a decrease of 12,000 from the previous week's unrevised figure of 346,000. The 4-week moving average was 345,250, a decrease of 7,250 from the previous week's unrevised average of 352,500.
The previous week was unrevised at 346,000.

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 345,250.

Claims was below the 350,000 consensus forecast.