by Calculated Risk on 12/14/2017 08:36:00 AM
Thursday, December 14, 2017
The DOL reported:
n the week ending December 9, the advance figure for seasonally adjusted initial claims was 225,000, a decrease of 11,000 from the previous week's unrevised level of 236,000. The 4-week moving average was 234,750, a decrease of 6,750 from the previous week's unrevised average of 241,500.The previous week was unrevised.
Claims taking procedures continue to be disrupted in the Virgin Islands. The claims taking process in Puerto Rico has still not returned to normal.
The following graph shows the 4-week moving average of weekly claims since 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 234,750.
This was lower than the consensus forecast. The low level of claims suggest relatively few layoffs.
Posted by Calculated Risk on 12/14/2017 08:36:00 AM