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Weekly Initial Unemployment Claims: 4-Week Average declines

By Anonymous

The DOL reports on weekly unemployment insurance claims:

In the week ending Jan. 1, the advance figure for seasonally adjusted initial claims was 409,000, an increase of 18,000 from the previous week's revised figure of 391,000. The 4-week moving average was 410,750, a decrease of 3,500 from the previous week's revised average of 414,250.

Click on graph for larger image in new window.

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 3,500 to 410,750.

In general the four-week moving average has been declining and that is good news.

Full post as published by Calculated Risk on January 06, 2011 (boomark / email).