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Thursday, November 14, 2013

Weekly Initial Unemployment Claims decline to 339,000

by Calculated Risk on 11/14/2013 08:30:00 AM

The DOL reports:

In the week ending November 9, the advance figure for seasonally adjusted initial claims was 339,000, a decrease of 2,000 from the previous week's revised figure of 341,000. The 4-week moving average was 344,000, a decrease of 5,750 from the previous week's revised average of 349,750.
The previous week was up from 336,000.

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 344,000.

Some of the recent increase was due to processing problems in California (now resolved) and the four-week average will probably decline further.