Thursday, September 11, 2014

Weekly Initial Unemployment Claims increase to 315,000

by Calculated Risk on 9/11/2014 08:35:00 AM

The DOL reports:

In the week ending September 6, the advance figure for seasonally adjusted initial claims was 315,000, an increase of 11,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 302,000 to 304,000. The 4-week moving average was 304,000, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 500 from 302,750 to 303,250.

There were no special factors impacting this week's initial claims.
The previous week was revised up to 304,000.

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 increased to 304,000.

This was above the consensus forecast of 300,000 and in the normal range for an economic expansion.