Bailout

Weekly initial unemployment claims decline slightly

By Anonymous

In the week ending Aug. 28, the advance figure for seasonally adjusted initial claims was 472,000, a decrease of 6,000 from the previous week's revised figure of 478,000. The 4-week moving average was 485,500, a decrease of 2,500 from the previous week's revised average of 488,000.

This graph shows the 4-week moving average of weekly claims since January 2000.

The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased this week by 2,500 to 485,500.

Claims for last week were revised up from 473,000 to 478,000. So the level this week is about the same as initially reported last week.

The current level of the 4-week average suggests a weak job market.

Full post as published by Calculated Risk on September 02, 2010 (boomark / email).