by Calculated Risk on 10/11/2018 08:32:00 AM
Thursday, October 11, 2018
The DOL reported:
In the week ending October 6, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 7,000 from the previous week's unrevised level of 207,000. The 4-week moving average was 209,500, an increase of 2,500 from the previous week's unrevised average of 207,000.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 increased to 209,500.
This was higher than the the consensus forecast. The low level of claims suggest few layoffs.
Posted by Calculated Risk on 10/11/2018 08:32:00 AM