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: Calculated RiskWeekly Initial Unemployment Claims below 400,000, Lowest since July 2008
By Anonymous
In the week ending Dec. 25, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 34,000 from the previous week's revised figure of 422,000. The 4-week moving average was 414,000, a decrease of 12,500 from the previous week's revised average of 426,500.
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 12,500 to 414,000.
Even though weekly claims are seasonally adjusted, sometimes data for holiday weeks can be a little off.
In general the four-week moving average has been declining and that is good news. If weekly unemployment claims remain below 400,000 that would suggest a better labor market.
Full post as published by Calculated Risk on December 30, 2010 (boomark / email).
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