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Weekly Initial Unemployment Claims decrease sharply

By Anonymous

The DOL reports on weekly unemployment insurance claims:

In the week ending Nov. 20, the advance figure for seasonally adjusted initial claims was 407,000, a decrease of 34,000 from the previous week's revised figure of 441,000. The 4-week moving average was 436,000, a decrease of 7,500 from the previous week's revised average of 443,500.

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 7,500 to 436,000.

This is the lowest level for the 4-week moving average since August 2008. This decline is good news.

Full post as published by Calculated Risk on November 24, 2010 (boomark / email).