Thursday, December 20, 2018

Weekly Initial Unemployment Claims increased to 214,000

by Calculated Risk on 12/20/2018 08:36:00 AM

The DOL reported:

In the week ending December 15, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 8,000 from the previous week's unrevised level of 206,000. The 4-week moving average was 222,000, a decrease of 2,750 from the previous week's unrevised average of 224,750.
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 decreased to 222,000.

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