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Thursday, February 27, 2014

Weekly Initial Unemployment Claims increase to 348,000

by Calculated Risk on 2/27/2014 08:35:00 AM

The DOL reports:

In the week ending February 22, the advance figure for seasonally adjusted initial claims was 348,000, an increase of 14,000 from the previous week's revised figure of 334,000. The 4-week moving average was 338,250, unchanged from the previous week's revised average.
The previous week was revised down 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 was unchanged at 338,250.

This was above the consensus forecast of 335,000.  Mostly moving sideways ...