Thursday, January 17, 2019

Weekly Initial Unemployment Claims decreased to 213,000

by Bill McBride on 1/17/2019 08:33:00 AM

The DOL reported:

In the week ending January 12, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 3,000 from the previous week's unrevised level of 216,000. The 4-week moving average was 220,750, a decrease of 1,000 from the previous week's unrevised average of 221,750.
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 220,750.

This was lower than the consensus forecast.