Thursday, November 15, 2018

Weekly Initial Unemployment Claims increased to 216,000

by Bill McBride on 11/15/2018 08:35:00 AM

The DOL reported:

In the week ending November 10, the advance figure for seasonally adjusted initial claims was 216,000, an increase of 2,000 from the previous week's unrevised level of 214,000. The 4-week moving average was 215,250, an increase of 1,500 from the previous week's unrevised average of 213,750.
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 increased to 215,250.

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