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Thursday, December 26, 2013

Weekly Initial Unemployment Claims decline to 338,000

by Calculated Risk on 12/26/2013 08:39:00 AM

The DOL reports:

In the week ending December 21, the advance figure for seasonally adjusted initial claims was 338,000, a decrease of 42,000 from the previous week's revised figure of 380,000. The 4-week moving average was 348,000, an increase of 4,250 from the previous week's revised average of 343,750.
The previous week was revised up from 379,000.

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 increased to 348,000.

Weekly claims are frequently volatile during the holidays because of the seasonal adjustment.