by Calculated Risk on 4/03/2014 08:30:00 AM
Thursday, April 03, 2014
The DOL reports:
In the week ending March 29, the advance figure for seasonally adjusted initial claims was 326,000, an increase of 16,000 from the previous week's revised figure of 310,000. The 4-week moving average was 319,500, an increase of 250 from the previous week's revised average of 319,250.The previous week was revised down from 311,000.
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 319,500.
This was above the consensus forecast of 320,000. The 4-week average is close to normal levels during an expansion.
Posted by Calculated Risk on 4/03/2014 08:30:00 AM