Thursday, September 20, 2018

Weekly Initial Unemployment Claims decreased to 201,000, Lowest Since 1969

by Bill McBride on 9/20/2018 08:34:00 AM

The DOL reported:

In the week ending September 15, the advance figure for seasonally adjusted initial claims was 201,000, a decrease of 3,000 from the previous week's unrevised level of 204,000. This is the lowest level for initial claims since November 15, 1969 when it was 197,000. The 4-week moving average was 205,750, a decrease of 2,250 from the previous week's unrevised average of 208,000. This is the lowest level for this average since December 6, 1969 when it was 204,500.
emphasis added
The previous week was unrevised.

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 205,750.

This was lower than the the consensus forecast. The low level of claims suggest few layoffs.