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Thursday, September 18, 2014

Earlier: Weekly Initial Unemployment Claims decrease to 280,000

by Calculated Risk on 9/18/2014 09:35:00 AM

The DOL reports:

In the week ending September 13, the advance figure for seasonally adjusted initial claims was 280,000, a decrease of 36,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 315,000 to 316,000. The 4-week moving average was 299,500, a decrease of 4,750 from the previous week's revised average. The previous week's average was revised up by 250 from 304,000 to 304,250.

There were no special factors impacting this week's initial claims.
The previous week was revised up to 316,000.

The following graph shows the 4-week moving average of weekly claims since January 1971.

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 299,500.

This was below the consensus forecast of 305,000 and in the normal range for an economic expansion.