Bailout

Weekly Initial Unemployment Claims Increase to 473,000

By Anonymous

In the week ending Feb. 13, the advance figure for seasonally adjusted initial claims was 473,000, an increase of 31,000 from the previous week's revised figure of 442,000. The 4-week moving average was 467,500, a decrease of 1,500 from the previous week's revised average of 469,000.
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The advance number for seasonally adjusted insured unemployment during the week ending Feb. 6 was 4,563,000, unchanged from the preceding week's revised level of 4,563,000.

This graph shows the 4-week moving average of weekly claims since 1971.

The four-week average of weekly unemployment claims decreased this week by 1,500 to 467,500.

The current level of 473,000 (and 4-week average of 467,500) are very high and suggest continuing job losses in February.

Full post as published by Calculated Risk on February 18, 2010 (boomark / email).