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Weekly Initial Unemployment Claims increase to 410,000

By Anonymous

The DOL reports on weekly unemployment insurance claims:

In the week ending Feb. 12, the advance figure for seasonally adjusted initial claims was 410,000, an increase of 25,000 from the previous week's revised figure of 385,000. The 4-week moving average was 417,750, an increase of 1,750 from the previous week's revised average of 416,000.

Click on graph for larger image in graph gallery.

This graph shows the 4-week moving average of weekly claims for the last 10 years. The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased this week by 1,750 to 417,750.

The 4-week average has been just above 400,000 all year after falling sharply during the last few months of 2010. Hopefully claims will fall below the 400,000 level soon.

Full post as published by Calculated Risk on February 17, 2011 (boomark / email).